Wall Street pointed toward small gains before the open Thursday, the Associated Press reports, with futures for the Dow Jones industrials ticking up 0.1% before the bell and futures for the S&P 500 adding 0.3%.
Shares of the troubled New York Community Bancorp are up slightly after finishing 7.5% higher Wednesday thanks to a lifeline of more than $1 billion from a group of investors, including Steven Mnuchin, the former U.S. Treasury secretary under President Donald Trump. The regional bank has lost 66% of its value this year amid falling values in commercial real estate and acquisitions it made.
Victoria’s Secret tumbled 28% in premarket trading after the lingerie company issued a tepid sales forecast for the coming year.
In energy trading, benchmark U.S. crude lost 35 cents to $78.78 per barrel. Brent crude, the international standard, fell 39 cents to $82.57 per barrel.
In currency trading, the U.S. dollar edged down to 147.86 Japanese yen from 149.32 yen.
