Wall Street pointed modestly lower early today, according to the Associated Press, as investors digested more corporate earnings reports while keeping their eyes on potentially market-moving reports later this week. Futures for the Dow Jones Industrial Average and the S&P 500 each ticked back 0.1% before the bell.
McDonald’s slipped less than 1% in premarket after the burger chain reported strong U.S. sales but fell short of Wall Street profit targets.
3M jumped 7.6% after its sales and profit came in ahead of Wall Street forecasts.
Coca-Cola shares barely budged after the beverage giant topped analysts’ sales and profit forecasts.
Markets are also anxiously awaiting the U.S. Federal Reserve’s latest policy decision on Wednesday.
In energy trading, benchmark U.S. crude added 25 cents to $82.88 per barrel. Brent crude, the international standard, rose 29 cents to $87.49 per barrel.
In currency trading, the U.S. dollar rose to 156.91 Japanese yen from 156.28 yen.
