Wall Street pointed toward gains early today, according to the Associated Press. Futures for the S&P 500 were up 0.4% before the bell, while futures for the Dow Jones Industrial Average rose 0.2%.
Chipmakers were broadly higher before the open, led by Marvell Technology, which was up 10.6% after its latest quarterly results hit Wall Street’s sales and profit targets.
Dell also beat analysts’ second-quarter forecasts, boosted by record server and networking revenue as companies continue to beef up their artificial intelligence infrastructure. Its shares rose 4.4% in premarket.
Mall-based cosmetics retailer Ulta Beauty tumbled 8.7% after its sales and profit fell short of expectations. Ulta, which Warren Buffet’s Berkshire Hathaway revealed a stake in earlier this month, also trimmed its guidance below analysts’ forecasts.
Mostly solid U.S. earnings and economic growth updates are capping off a month of encouraging reports for the broader economy. Data from various reports in August have shown that retail sales, employment, and consumer confidence remain strong.
In energy trading, benchmark U.S. crude lost 17 cents to $75.74 per barrel. Brent crude, the international standard, gave back 9 cents to $78.73 per barrel.
In currency trading, the U.S. dollar rose to 145.37 Japanese yen from 145.02 yen.
