Major stocks in the United States soared in the premarket on Wednesday ahead of earnings results from BlackRock, JPMorgan Chase and Delta Airlines. The investors will also be monitoring the latest report on producer prices ahead of the market opening.
Previously, Fed St. Louis President James Bullard remarked it would be difficult to bring inflation down to pre-pandemic levels, while Fed's Lael Brainard highlighted that the core inflation is slowing down.
The Dow Jones soared 0.55% or 198 points at 4:15 am ET. The Nasdaq 100 gained 0.90% and the S&P 500 increased by 0.60% at the same time. The euro traded flat against the dollar selling at 1.08329 at 4:16 am ET.
