Wall Street opened with gains today after more updates from the Fed and another batch of corporate earnings reports, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average each inched up a little more than 0.2% before the bell.
United Airlines rose 5.3% in premarket trading after the carrier posted a much smaller loss than analysts were expecting.
J.B. Hunt shares tumbled more than 7% after the trucking company’s first-quarter profit fell well short of expectations and revenue fell 9% from the same period a year ago.
Tesla took back a small amount of its losses in recent days, rising less than 1% in premarket to $158.46 per share.
Federal Reserve Chairman Jerome Powell said at an event Tuesday that the central bank has been waiting to cut its main interest rate, which is at its highest level since 2001, because it first needs more confidence inflation is heading sustainably down to its 2% target.
Treasury yields climbed immediately after Powell’s comments.
In energy trading, benchmark U.S. crude shed 44 cents to $84.92 per barrel. Brent crude, the international standard, fell 49 cents to $89.53 per barrel.
In currency trading, the U.S. dollar ticked up to 154.67 Japanese yen from 154.65 yen.
