Wall Street pointed lower before the opening bell today, the Associated Press reports, one day after markets rebounded on easing bond yields. Futures for the S&P 500 and Dow Jones Industrial Average were both down 0.4%.
Shares of Boeing stabilized in off-hours trading after taking a big hit Monday, the first day of trading since a Boeing-made Alaska Airlines plane suffered an in-flight blowout late Friday over Oregon.
Earnings results are starting to trickle in, with Delta Air Lines, JPMorgan Chase, and UnitedHealth Group to be among the companies kicking off the S&P 500’s reporting season Friday for the final three months of 2023. Growth in corporate profits could help prop up stock prices.
U.S. benchmark crude oil jumped $1.81 to $72.58 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude oil, the international standard, rose $1.80 to $77.92 per barrel.
The U.S. dollar slipped to 144.10 Japanese yen from 144.23 yen.
