Inflation Data and Market Reaction

Wall Street experienced slight losses in the premarket on Thursday, triggered by the latest inflation figures revealing a minor increase compared to the previous month. Annual inflation has now reached 2.7%, up from October's 2.6%. This news comes ahead of reports on producer prices and initial jobless claims, which are set to be released before the opening bell.

In addition, Broadcom and Costco are expected to publish their quarterly earnings reports after the trading session concludes, adding to the day's market dynamics.

Indices Performance

At 4:24 am ET, the Dow Jones recorded a 0.19% loss, the Nasdaq 100 declined by 0.20%, and the S&P 500 decreased by 0.15%. Meanwhile, the euro strengthened 0.22% against the dollar, trading at 1.05158 at 4:25 am ET.