Wall Street shifted between gains and losses before the opening bell today as more corporate earnings arrive during what is otherwise expected to be a relatively quiet week, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average each rose less than 0.1%.
Disney tumbled more than 6% in premarket trading after it posted a second-quarter loss, dragged down by restructuring costs and other charges. Adjusted for those costs, Disney beat Wall Street’s per-share profit expectations, but fell short of sales targets.
Tesla dipped after federal highway safety investigators asked the electric car maker to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s partially automated driving system.
In other trading, benchmark U.S. crude oil lost 34 cents to $78.14 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave back 32 cents, falling to $82.98 per barrel.
The dollar rose to 154.39 Japanese yen from 153.90 yen.
