US surrenders gains, turns lower premarket - Breaking The News

US surrenders gains, turns lower premarket

22 March

1 min read

Major United States stock indexes turned red in the premarket trade on Friday after moving mostly higher earlier in the day. Tesla Inc. fell over 4% amid a report that it cut down its production in China as demand for electric vehicles slowed down. In economic news, Fed Chair Jerome Powell will deliver a speech before the markets open.

The Dow Jones lost 0.11% at 8:07 am ET, the Nasdaq 100 decreased by 0.30% and the S&P 500 fell by 0.16% at the same time.

The euro traded 0.39% lower compared to the dollar and sold for 1.08179 at 8:08 am ET.

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