Pre-Market Trading Sees US Indices Dip

As the clock struck 4:30 am ET, the US stock market witnessed a notable decline in pre-market trading. The Dow Jones Industrial Average fell by 0.25%, while the Nasdaq 100 and the S&P 500 experienced drops of 0.95% and 0.60%, respectively. This downturn comes as major corporations continue to unveil their earnings reports, with Alphabet's Class A shares taking a significant hit, plunging over 7% following the release of their fourth-quarter figures which missed market estimates.

Alphabet's Earnings Miss Sparks Concerns

Alphabet's recent earnings report has raised eyebrows among investors, as the tech giant's revenue growth failed to meet expectations. This has led to a sharp decline in its stock value, casting a shadow over the tech sector's performance in the stock market.

Tariff Worries Loom Over US Tech Firms

Adding to the market's unease are the ongoing concerns over potential tariffs. Reports suggest that the European Union may retaliate against US tech companies if the Trump administration proceeds with imposing tariffs on EU exports. This geopolitical tension is keeping investors on edge, as they closely monitor developments that could impact the global tech industry and trade relations.

Meanwhile, the euro saw a slight increase against the dollar, trading 0.24% higher at 4:31 am ET, with an exchange rate of 1.04115.