Wall Street pointed modestly higher early today, according to the Associated Press, as markets prepare to digest another heavy slate of corporate earnings. Futures for the Dow Jones Industrial Average were 0.1% higher before the opening bell, while S&P 500 futures rose 0.2%.
General Motors rose 4.5% after the automaker reported that its first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other high-profit vehicles.
Despite beating analysts’ sales and profit targets, PepsiCo shares were flat before markets opened.
JetBlue shares tumbled more than 10% after the airline posted another decline in sales and lowered its revenue outlook for the year.
In energy trading, benchmark U.S. crude gave up 61 cents to $81.29 per barrel. Brent crude, the international standard, fell 57 cents to $86.43 per barrel.
The U.S. dollar slipped to 154.79 Japanese yen from 154.84 yen.
