Markets on Wall Street inched slightly higher ahead of the release of more inflation data from the U.S. government, according to the Associated Press. Futures for the Dow Jones Industrials and S&P 500 were each less than 0.1% higher before the bell this morning.
Home Depot shares rose 1.8% in the premarket after the home improvement chain beat profit forecasts but logged its third straight quarter of declining sales.
GameStop jumped 83% before the bell today, while AMC Entertainment climbed 75%. BlackBerry rose more than 25%.
Stocks have broadly rallied this month following a rough April on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year.
In other trading, benchmark U.S. crude lost 10 cents to $79.02 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 9 cents to $83.27 per barrel.
The U.S. dollar rose to 156.45 Japanese yen from 156.21 yen.
