On Friday, major US stock markets experienced a decline during premarket trading as investors anxiously awaited key economic reports and grappled with government funding uncertainties.

Economic Reports and Market Movement: The US Bureau of Economic Analysis was set to release its report on personal consumption expenditures, while the University of Michigan prepared to unveil its consumer sentiment index. These reports are crucial for market sentiment and can significantly influence trading decisions.

Meanwhile, the Dow Jones Industrial Average dropped by 0.56% at 4:30 am ET, with the Nasdaq 100 and S&P 500 also experiencing declines of 1.21% and 0.76% respectively.

Government Funding and Currency Dynamics: Adding to the mix, the US government funding bill aimed at averting a shutdown failed in the House of Representatives, further weighing on market sentiment. In currency markets, the euro gained 0.13% against the dollar, trading at $1.03816 at 4:29 am ET.