Gold futures for April delivery were dropping $4.80 to $1,573.20 an ounce at the Comex division of the New York Mercantile Exchange, while futures for April crude oil contracts were looking lower by $1.50 cents to $93.72 a barrel.
The benchmark 10-year Treasury was increasing 10/32, diluting the yield to 1.978%. The dollar was up 0.31%, according to the
In corporate news, Wal-Mart Stores (DELL) announced quarterly earnings from continuing operations of $1.67 a share on revenue of $127.1 billion. Analysts expected profit of $1.57 a share on revenue of $128.85 billion. Shares of the world's largest retailer were tacking on 1.3% in premarket trading.
Tesla Motors (TSLA) reported a fourth-quarter adjusted loss of 65 cents a share on $306 million in revenue. Consensus among analysts expected a fourth-quarter loss of 53 cents a share on $298.9 million in revenue. Shares of the electric-car maker were tumbling 5.8% in the early session on Thursday.Hewlett-Packard (HPQ - Get Report) is predicted by analysts to post earnings of 71 cents a share on revenue of $27.79 billion during its fiscal first quarter. Shares were down incrementally in premarket trades. Boeing (BA - Get Report) was expected to detail on Friday its plan to return the grounded Dreamliner jet to service, according to a report by The Wall Street Journal. Shares were little changed early Thursday. Chesapeake Energy (CHK) was anticipated to post fourth-quarter earnings of 14 cents a share for its fourth quarter. The second-largest U.S. producer of natural gas earned 58 cents a share a year ago. Shares were increasing 1.3% in premarket action. The New York Times (DISH) said Wednesday that it was putting the Boston Globe up for sale a second time. Safeway (SWY) was slated to report fourth-quarter earnings on Thursday. Analysts were looking for the grocery store chain to post a profit of 76 cents a share on revenue of $13.7 billion. Shares dropped 1.6% on Wednesday. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux