Major stock markets on Wall Street traded lower in the premarket session on Thursday, as upcoming data reports put economic recovery to the test. United States President Joe Biden praised the economic recovery in the country, calling it the strongest in decades, and traders will be looking to the employment change in May and the initial jobless claims reports to give credence to that statement.
The Dow Jones was 0.18% down at 4:24 am ET, while the Nasdaq 100 declined 0.12% at the same time. The S&P 500 also saw losses, trading 0.16% in the red a minute later.
The euro decreased 0.21% against the dollar trading for $1.21856 at 4:26 am ET.