Trading on Wall Street was muted early today, the Associated Press reports, with futures for the S&P 500 edging less than 0.1% higher before the bell and futures for the Dow off less than 0.1%.
Macy’s tumbled close to 10% in premarket trading after the department store chain reported a decline in third-quarter profits and sales as consumers continue to divert spending toward essentials amid elevated prices. Macy’s raised its annual sales forecast but lowered profit projections, citing an uncertain economic environment.
Shares of Kroger stabilized early Wednesday following a more than 5% decline late Tuesday.
Stitch Fix was a big gainer early this morning after the personalized fashion styling service posted a narrower loss than expected raised its full-year outlook. Its shares jumped 20% before the bell.
Dave & Buster’s tumbled 15% after the restaurant and arcade chain posted more than double the loss that Wall Street expected as sales fell.
U.S. benchmark crude oil gained 91 cents to $69.50 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, dipped 7 cents to $71.05 per barrel.
The U.S. dollar rose to 152.65 Japanese yen from 151.93 yen.
