Wall Street inched higher before the bell Friday, with the S&P 500 above 5,000 which, if it holds, would be the first time that it has closed at such heights, according to the Associated Press.
Futures for the S&P 500 rose close to 0.2% to 5,025.50 and the Dow Jones Industrial Average ticked up 0.1%.
Corporate earnings continued to be the driving force behind this week’s gains, though there were plenty of losers before markets opened Friday.
PepsiCo dipped 0.5% after the beverage and snack company missed sales targets and cut 2024 revenue guidance.
Take-Two Interactive, the publisher of “Grand Theft Auto” and other video games, tumbled 7.4% after it just missed sales and profit targets and cut its outlook.
Expedia was another loser early, falling 15.6% in premarket despite beating sales and profit targets. The online travel booker announced that CEO Peter Kern, its top executive since 2020, would be replaced by Ariane Gorin in May.
Digital pinboard and shopping site Pinterest skidded more than 8% after it missed revenue targets and issued first-quarter guidance below analyst expectations.
On Thursday, the S&P 500 inched up 0.1% and the Dow also set an all-time high, gaining 0.1%. The Nasdaq composite rose 0.2%.
