Premarket Trading Sees Downturn

As the clock struck 4:24 am ET, the Dow Jones Industrial Average witnessed a 0.56% decline, with the NASDAQ 100 and S&P 500 not far behind, dropping by 0.57% and 0.58% respectively. This premarket activity sets a cautious tone for the trading day ahead.

Investors Await Key Economic Indicators

Market participants are keenly awaiting the release of the U.S. retail sales report and the National Association of Home Builders (NAHB) housing market index. These indicators are crucial for gauging the health of the economy amidst ongoing trade tensions.

Trade War Impact Under Scrutiny

President Donald Trump's recent reaffirmation of no exemptions on steel and aluminum tariffs, effective April 2, has investors analyzing the potential impacts on the market. The trade war's ripple effects are a significant concern for global economic stability.

Euro Holds Steady Against Dollar

At 4:25 am ET, the euro remained stable against the dollar, trading at $1.08815. Currency traders are closely monitoring these levels for any signs of fluctuation in response to the day's economic data releases.