Wall Street inches modestly higher; Walmart jumps on another strong quarter WPXI [Video]

Wall Street drifted slightly higher early Thursday a day after markets rallied on hints that inflation is subsiding.

Futures for the Dow Jones industrials and the S&P 500 each rose less than 0.1% before the bell.

The meme stock rollercoaster stretched into another day with AMC Entertainment and GameStop both falling more than 15% in premarket. Both companies are still up significantly from Friday’s close after their share prices more than doubled in a buying frenzy earlier this week.

Walmart jumped 4.5% after the nation’s largest retailer posted another quarter of strong results with sales and profit beating Wall Street forecasts.

Zurich-based Chubb continued to rally after Warren Buffett’s Berkshire Hathaway revealed a new $7 billion stake in the global insurer. Berkshire said Wednesday it held nearly 26 million Chubb shares at the end of March, giving it a 6.4% stake in the company.

Deere skidded 5.6% before markets opened after the company lowered its full-year profit forecast …