US Stock Market Overview

In the early hours of Friday, the US stock market displayed signs of recovery, with major indexes trading higher premarket. This comes after a turbulent session that saw the markets closing in the red the previous day.

Key Performers

Tesla, which experienced a significant drop of up to 7% yesterday, managed to recover some of its losses, trading 1.51% higher ahead of the opening bell. On the other hand, US Steel saw a sharp decline of 7% following reports that its anticipated deal with Nippon Steel fell through.

Economic Indicators

Investors are now keenly awaiting the release of the ISM December report on the manufacturing sector. This anticipation follows S&P Global's recent release, which indicated that the sector remains in contraction territory.

Market Movements

By 4:26 am ET, the Dow Jones had improved by 0.33%, the Nasdaq 100 added 0.53%, and the S&P 500 increased by 0.40%. Additionally, the euro showed a 0.35% increase against the dollar, trading at 1.02974 at 4:27 am ET.