Wall Street was barely higher in early trading today, the Associated Press reports, as markets adjust to the reality that inflation is no longer the dominant theme of the U.S. economy. Several economic reports coming later in the week could offer more context about where the U.S. economy stands.
Futures for the S&P 500 and the Dow Jones industrials each rose about 0.1% before the bell.
Shares of farming equipment company Deere & Co. were down about 1% before the opening bell after former President Donald Trump threatened the company with a 200% tariff — should he win back the presidency — if it exports manufacturing to Mexico.
Visa slid more than 2% after media reports that the credit card issuer was going to be sued by the U.S. Department of Justice for penalizing customers who use other payment processors.
Boeing shares were stagnant after the aerospace giant said it made a “best and final offer” that includes bigger raises and larger bonuses to 33,000 striking machinists. The workers’ union said the proposal isn’t good enough, and there won’t be a ratification vote before Boeing’s deadline at the end of the week.
In the bond market, the yield on the 10-year Treasury rose to 3.79%, up from 3.75% late Monday. The yield on the two-year Treasury, which moves more with expectations for Fed action, edged up to 3.60% from 3.59% late Friday.
In other dealings early today, U.S. benchmark crude oil added $1.63 to $72 per barrel. Brent crude, the international standard, was up $1.53 at $74.74 per barrel.
The U.S. dollar rose to 143.84 Japanese yen from 143.61 yen.
