Major stock indexes in the United States pared previous gains in the premarket on Wednesday as concerns over the future path of the global economy continued to be at the center of attention.
The most recent data in the country has been painting a mixed picture, with many worried that the Federal Reserve might put its terminal rate at a higher level than was previously projected and tip the economy into a recession. Investors will continue to closely follow further economic reports in order to gauge hints regarding the central bank's next move.
The Dow Jones dipped 0.11% at 6:17 am ET, while the Nasdaq 100 lost 0.27% at the same moment. The S&P 500 fell 0.23% at 6:17 am ET. The euro traded 0.22% higher against the dollar, selling for 1.04924 simultaneously.
