US Markets Face Pressure Ahead of Key Economic Data

Major U.S. equities experienced significant declines during Wednesday's premarket trading session. Investors worldwide are on edge as they react to the sweeping tariffs announced by President Donald Trump, who has proclaimed April 2 as "Liberation Day." This development has added a layer of uncertainty to the markets, with many awaiting further economic indicators to gauge the potential impact.

Economic Indicators in Focus

Today's economic calendar is packed with critical data releases, including the latest employment figures, mortgage application statistics, and a report on new purchase orders for manufactured goods. These indicators are closely watched by market participants seeking clues about the health of the U.S. economy amidst the current trade tensions.

Market Performance at a Glance

As of 4:25 am ET, the Dow Jones Industrial Average was down by 0.28%, while the Nasdaq 100 and the S&P 500 saw declines of 0.43% and 0.37%, respectively. Currency markets showed little movement, with the euro trading flat against the dollar at 1.07952.