Shares were mostly lower on Wall Street this morning after several strong profit reports helped it claw back most of yesterday’s losses, the Associated Press reports. Futures for the S&P 500 dipped 0.2% lower, while Dow Jones Industrial Average futures declined 0.4%.
On Thursday, the S&P 500 climbed 1% to within 1% of its all-time high after suffering its worst tumble in nearly three months. The Dow Jones Industrials advanced 0.9%, nearing yet another record. The Nasdaq jumped 1.3%.
Micron Technology leaped 8.6% for one of the market’s biggest gains after reporting stronger results for the latest quarter than analysts expected. CarMax rose 5.2% after it beat profit expectations, despite what it called “persistent, widespread pressures in the used-car industry.” Cruise operator Carnival steamed 6.2% higher after reporting better quarterly results than anticipated. The trio helped lead a widespread rally, and more than 90% of the stocks within the S&P 500 climbed.
In other trading today, U.S. benchmark crude oil added 80 cents to $74.69 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, advanced 81 cents to $79.97 per barrel.
The U.S. dollar rose to 142.17 Japanese yen from 142.12 yen.
