Wall Street was on track to open with losses today as more high-profile companies rolled out quarterly financial results, the Associated Press reports. Futures for the S&P 500 fell 0.2% before the opening bell, while futures for the Dow Jones Industrial Average gave up 0.5%.
McDonald’s tumbled 7% in extended hours after U.S. regulators reported that an E. coli outbreak linked to the fast food giant’s Quarter Pounder hamburgers sickened dozens of people across the U.S., including one who died.
Coca-Cola reported higher-than-expected revenue in the third quarter as higher prices offset lower sales volumes.
Boeing shares were unchanged ahead of what could be one of the most consequential days in years for the troubled aerospace manufacturer. The company is expected to report a huge third-quarter loss, introduce its new CEO on his first earnings call, and learn if machinists will end a strike that has crippled the company’s aircraft production for more than a month. Boeing shares are down nearly 40% this year.
Starbucks skidded 4.7% overnight after the Seattle coffee chain’s fourth-quarter profits fell well short of Wall Street’s targets and pulled its 2025 guidance.
Shares of Spirit Airlines took off on reports that the budget airline and Frontier had revived merger talks. Its shares rose 25% before the bell.
The yield on the 10-year Treasury ticked up to 4.22% early today, well above the 4.08% level it was at on Friday.
In other dealings, benchmark U.S. crude gave back a chunk of Tuesday’s gains, falling $1.43 to $70.31 per barrel. Brent crude, the international standard, also fell $1.43 to $74.61 per barrel.
The U.S. dollar rose to 152.79 Japanese yen from 151.08 yen.
