Market

US Stock Market Dips in Premarket Trading Ahead of Crucial Housing Data Release

Market Overview

As the year 2024 nears its end, the United States stock market experienced a downturn in premarket trading on Monday. Investors are keenly awaiting the latest update on pending home sales, which is anticipated to play a pivotal role in the Federal Reserve's forthcoming monetary policy decision.

Index Performances

At 9:30 am ET, the Dow Jones Industrial Average saw a decline of 0.16%. Simultaneously, the Nasdaq 100 and the S&P 500 also witnessed decreases, dropping by 0.24% and 0.21%, respectively.

Currency Movements

In the currency market, the euro experienced a slight decrease against the dollar, losing 0.07% to trade at $1.04183 at 9:29 am ET.