Wall Street inched higher before the bell today as markets tried to extend this week’s gains and claw back more of last week’s losses, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average each rose just less than 0.2% before markets opened.
Investors took in a smattering of earnings reports and corporate news this morning.
Moderna slumped about 7% in early trading after the drugmaker lowered its fiscal 2025 revenue forecast well below Wall Street’s targets. The company, whose sales have cratered in the aftermath of the COVID-19 pandemic, is also reducing its 2025–28 research and development investment by 20%, from $20 billion to $16 billion.
In energy trading, benchmark U.S. crude gained $1.12 to $68.43 per barrel. Brent crude, the international standard, added $1.07 to $71.68 per barrel.
In currency trading, the U.S. dollar rose to 142.54 Japanese yen from 142.28.
