Investors on Edge as Inflation Report Looms

As the clock ticks closer to the release of the latest inflation figures in the United States, major stocks on Wall Street have begun trading in the red during the premarket session this Wednesday. The anticipation builds, not just for the inflation data, but also for mortgage figures and the ongoing testimony of Federal Reserve Chair Jerome Powell before Congress.

Market Movements and Earnings Reports

At 4:29 am ET, the Dow Jones Industrial Average saw a slight dip of 0.17%, while the S&P 500 and NASDAQ 100 weren't far behind, dropping by 0.18% and 0.14% respectively. Meanwhile, the euro remained steady against the dollar at 4:28 am ET, trading at 1.03713. Investors are also keeping a close eye on the earnings reports from Robinhood, Reddit, and Cisco, all set to reveal their quarterly earnings after the market closes.