Markets are poised to open with gains Tuesday, the first day of trading under the second administration of U.S. President Donald Trump, the Associated Press reports. Futures for the S&P 500 and Dow Jones Industrial Average rose about 0.4% each before the bell, while Nasdaq futures ticked 0.5% higher.
In early equities trading, Walgreen’s shares tumbled more than 7% after the U.S. Justice Department late Friday accused the drug store chain of filling millions of prescriptions without a legitimate purpose, including for dangerous amounts of opioids. In the lawsuit, the government says the drugstore chain’s pharmacists filled controlled substance prescriptions with clear red flags that indicated they were highly likely to be unlawful. Walgreens, one of the country’s largest pharmacy chains with over 8,000 locations, said in a statement that it stands behind its pharmacists.
3M climbed close to 4% after the industrial and consumer products maker beat Wall Street’s fourth-quarter sales and profit targets and issued strong sales guidance for the coming year.
Benchmark U.S. crude declined $1.88 to $75.51 per barrel. Brent crude, the international standard, lost $1.30 to $78.85 per barrel.
The dollar rose to 155.82 Japanese yen.
