Wall Street Premarket Downturn

As the new week begins, Wall Street's major stock indexes are experiencing a downturn during premarket trading. Investors are closely watching for upcoming reports on the U.S. retail sales and the NAHB housing market index, which could provide further direction for the markets.

Trade War Concerns

Adding to the market's unease, President Donald Trump's recent reaffirmation that there will be no exemptions to the upcoming aluminum and steel tariffs, set to take effect on April 2, continues to weigh on investor sentiment. This move is part of the broader trade tensions that have been affecting global markets.

Market Performance

At 4:24 am ET, the Dow Jones Industrial Average was down by 0.56%, with the NASDAQ 100 and the S&P 500 also slipping by 0.57% and 0.58% respectively at around the same time. Meanwhile, the euro remained stable against the dollar, trading at $1.08815 at 4:25 am ET.