Major New York stocks posted losses ahead of Wednesday's session as markets awaited the latest inflation data from the United States that could hint at the Federal Reserve's future policy moves. The previous day was marked by another unsuccessful talks between the government and Congress on raising the debt ceiling ahead of the June deadline.
In business news, Airbnb's stock plunged nearly 13% in premarket trading following its first-quarter earnings results posted last evening, while on the other hand, Rivian surged over 7% after reporting a smaller net loss in the same trimester. Disney and Robinhood were set to publish their earnings results after the closing bell.
The Dow Jones declined by 0.16% at 4:21 am ET, while the Nasdaq 100 lost 0.27% and the S&P 500 slipped 0.21%. The euro traded flat against the dollar to sell for 1.09589 a minute later.
