Pre-Market Trading Trends Downward Ahead of Inflation Data

As the financial world turns its eyes towards the forthcoming U.S. inflation report, major indices on Wall Street have shown a decline in pre-market trading. Investors are on edge, awaiting insights that could influence market directions in the coming days.

Economic Indicators and Federal Reserve Testimony in Focus

Alongside the inflation figures, the U.S. is set to release mortgage data, adding another layer of anticipation. Federal Reserve Chair Jerome Powell is scheduled to continue his testimony before Congress, potentially shedding light on future monetary policy directions.

Earnings Reports to Watch

Post-market, attention will shift to earnings reports from Robinhood, Reddit, and Cisco. These reports could provide further momentum to market movements, depending on their outcomes.

Market Movements at a Glance

At 4:29 am ET, the Dow Jones Industrial Average was down by 0.17%, with the S&P 500 and NASDAQ 100 also seeing declines of 0.18% and 0.14%, respectively. The euro remained stable against the dollar, trading at 1.03713.