Pre-Market Jitters as Investors Await Inflation Data

Wall Street's major indices showed signs of nervousness in the pre-market session this Wednesday. Investors are on edge, awaiting the latest U.S. inflation figures set to be released just an hour before the opening bell. This data is crucial as it could influence the Federal Reserve's future policy decisions.

Key Economic Indicators and Earnings Reports on the Horizon

In addition to the inflation report, the U.S. is also set to release mortgage data today. Federal Reserve Chair Jerome Powell will continue his testimony before Congress, providing further insights into the economic outlook. On the corporate front, significant earnings reports are expected from Robinhood, Reddit, and Cisco after the market closes.

Market Movements in Early Trading

At 4:29 am ET, the Dow Jones Industrial Average was down by 0.17%, reflecting the cautious mood among investors. Similarly, the S&P 500 and the NASDAQ 100 saw declines of 0.18% and 0.14%, respectively. Meanwhile, the euro remained steady against the dollar, trading at 1.03713 at 4:28 am ET.