Major Wall Street stock markets traded lower during premarket hours on Monday ahead of reports on the country's retail sales and the National Association of Home Builders (NAHB) housing market index. Investors were digesting the effects of the ongoing trade war on the markets after United States President Donald Trump reaffirmed that there would be no exemptions to the aluminum and steel tariffs, which are set to be imposed on April 2.
The Dow Jones Industrial Average dropped by 0.56% at 4:24 am ET, while the NASDAQ 100 slipped by 0.57% at the same time. Meanwhile, the S&P 500 declined by 0.58% at 4:25 am ET.
The euro was flat against the dollar at 4:25 am ET and sold for $1.08815.
