Wall Street tilted toward small gains early Tuesday ahead of new U.S. inflation data that will likely set the tone for the Federal Reserve’s final meeting of the year, the Associated Press reports.
Futures for the S&P 500 rose 0.1% before the bell and they are up about 0.2% for the Dow Jones Industrial Average.
Google was down before the opening bell after a major setback. A federal court jury found Monday that Google’s Android app store has been protected by anti-competitive barriers that have damaged smartphone consumers and software developers, dealing a blow to a major pillar of a technology empire.
Hasbro tumbled nearly 6% after it said in a regulatory filing that it was laying off 1,000 employees — about 15% of its global workforce — with demand for toys and games in decline after a pandemic boom.
Treasury yields in the bond market were generally lower. The 10-year yield slipped to 4.18% from 4.23% late Monday. In October it was above 5% and at its highest level since 2007.
On Monday, the S&P 500 rose 0.4%, finishing at its highest level in 20 months. The Dow gained 0.4% and the Nasdaq added 0.2%.
