Wall Street was essentially flat early today as markets digested a full slate of corporate earnings ahead of some important government economic data due later in the week, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average each ticked up less than 0.1% before the bell.
UPS tumbled 8% after the package delivery company missed Wall Street’s sales and profit targets. The Atlanta company’s package delivery volume rose for the first time since 2022, but a charge of $120 million, most of which was used to settle an international regulatory matter, cut into profits.
General Motors beat analysts’ sales and profit targets, sending its shares 2.5% higher before the bell.
Coca-Cola Co. rose 1.5% after the beverage giant beat Wall Street forecasts and raised its full-year sales outlook.
In other dealings, U.S. benchmark crude oil lost 38 cents to $78.02 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up 36 cents to $82.04 per barrel.
The U.S. dollar fell to 156.19 Japanese yen early Tuesday from 157.04 yen late Monday.
