Market Watch: Dow Futures Take a Hit

Early Wednesday witnessed a notable dip in United States stock futures, with investors on edge as they await crucial retail sales data. This comes after a stagnant session on Tuesday, where all major indices showed signs of decline.

Nvidia's Significant Sales Loss

Adding to the market's unease, Nvidia Corporation is facing a staggering $5.5 billion in losses, a development that has further dampened investor sentiment. At 4:28 am ET, the Dow Jones futures were down by 0.81% or 310 points, with the Nasdaq 100 and S&P 500 futures also experiencing declines of 2.19% and 1.45%, respectively.

Currency Movements

In currency markets, the euro showed strength against the dollar, trading 0.73% higher at $1.13655 by 4:34 am ET, indicating a shift in investor preferences amidst the stock market volatility.