Trading was mixed on Wall Street early today, the Associated Press reports, as more corporate earnings reports streamed in ahead of a highly-anticipated update on U.S. inflation later this week. Futures for the Dow Jones rose 0.3%, while the S&P 500 fell 0.2% before the opening bell. The Nasdaq fell 0.4%.
On Friday, the Commerce Department releases its consumer spending report, which contains a measure of inflation that is closely watched by the Fed. That report could play into the central bank’s next interest rate decision when it meets next week.
The 10-year Treasury yield was steady at 4.86% early Wednesday.
Microsoft shares got a boost from its latest earnings report, which showed a 27% increase in profit for the July–September quarter compared to the same time last year. Microsoft shares climbed 4.4% early this morning.
On the other end of that was Google, which reported lower-than-expected revenue from its cloud division, sending its shares tumbling 6.2% before the bell.
Boeing shares rose 3% before markets opened, even as the aircraft maker posted a $1.64 billion loss for the third quarter and lowered its forecast for the number of 737 Max planes it will deliver this year due to production problems.
The Commerce Department will issue its first estimate of U.S. gross domestic product on Thursday.
A barrel of benchmark U.S. oil was up 27 cents at $84.01. Brent crude, the international standard, gained 46 cents early today to $87.61 per barrel.
In currency dealings, the U.S. dollar bought 149.92 Japanese yen, up from 149.85 yen.
