Investors on Edge as Inflation Data Looms

As the clock ticks down to the release of the latest U.S. inflation figures, major stocks on Wall Street have taken a dip in the premarket session. The anticipation builds an hour before the opening bell, with investors keenly awaiting insights that could influence market directions.

Federal Reserve's Jerome Powell Continues Testimony

Adding to the day's financial focus, Federal Reserve Chair Jerome Powell is set to continue his testimony before Congress. This comes at a time when the country is also poised to reveal mortgage data, adding another layer to the day's economic revelations.

Earnings Reports to Watch

Post-market, all eyes will be on Robinhood, Reddit, and Cisco as they prepare to report their quarterly earnings. These reports could provide further momentum to a market already on edge from the day's earlier economic indicators.

At 4:29 am ET, the Dow Jones Industrial Average was down by 0.17%, with the S&P 500 and NASDAQ 100 also experiencing slight declines. Meanwhile, the euro remained steady against the dollar, trading at 1.03713 at 4:28 am ET.