Wall Street inched higher in premarket trading today, according to the Associated Press, a day after the biggest single-day downturn since September with the Federal Reserve indicating that cuts to interest rates are not imminent.
Futures for the S&P 500 gained 0.4% before the bell, while futures for the Dow Jones Industrial Average ticked up just 0.1%.
Shares of Align Technology jumped more than 12% in off-hours trading after the manufacturer of 3D digital scanners and Invisalign teeth straighteners beat Wall Street’s sales and profit targets.
The yield on the 10-year Treasury was at 3.94% early today, up from 3.92% late Wednesday. In October, it was above 5% and at its highest level since 2007.
In other trading this morning, U.S. benchmark crude oil gained 37 cents to $76.22 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, advanced 40 cents to $80.95 per barrel.
The U.S. dollar rose to 147.09 Japanese yen from 146.92 yen.
