U.S. stocks on the move: Boeing, UPS, Corning
SPY•U.S. stock index futures ticked up as crude oil prices extended their decline, with investors awaiting corporate earnings and the Federal Reserve’s interest-rate decision. UPS rose after raising its annual forecasts, and Corning gained on its quarterly outlook.
1. Stocks move ahead of earnings
U.S. stock index futures ticked up as crude oil prices extended their decline and investors awaited key corporate earnings and the Federal Reserve’s interest-rate decision. UPS rose after raising its annual profit and revenue forecasts, while Corning gained after seeing quarterly sales and profit above estimates. Smithfield Foods fell after cutting its annual sales forecast; JetBlue and Royal Caribbean rose on higher forecasts.
