Wall Street barely budged early today as geopolitics drew attention away from the economy and corporate earnings, which have been propelling markets to record levels, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average were essentially unchanged before the bell.
Global markets were mixed and oil prices jumped after the weekend overthrow of Syrian leader Bashar al-Assad. U.S. benchmark crude oil jumped 84 cents to $68.04 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard gained 79 cents to $71.91 per barrel.
Nvidia shares fell about 1.7% in premarket trading on reports that China was probing potential antitrust violations by the chipmaker.
Shares of The Interpublic Group of Companies soared 14.8% after the advertising company announced that it was being acquired by another industry giant, Omnicom. The all-stock deal is expected to close in the second half of 2025. Omnicom shares fell close to 3% before the bell today.
Apollo Global Management and Workday both jumped on news that they would be joining the S&P 500 before the end of the year. Apollo rose 5.8% and Workday climbed about 9% early this morning.
The dollar was trading at 150.87 yen, up from 150.07 yen.
