US shares dip premarket, earnings in focus

Thursday, 18. April 2019 12:18

Shares on Wall Street dipped in premarket trading on Thursday morning ahead of earnings reports coming from Schlumberger, Philip Morris and Blackstone. Earlier, Nestle said it had an increase of 4.3% in sales for the first quarter of this year, while Unilever's turnover fell 1.6% in the same period. In data, retail sales figures are scheduled for release before the opening bell.

Tech startups Pinterest and Zoom will start trading publicly later in the day, with shares priced at $19 and $36, respectively.

Meanwhile, China's Commerce Ministry said that "new progress" has been achieved in negotiating the text of the trade agreement with the United States. Yesterday, US President Donald Trump stated that trade talks with China are "moving along nicely" with a deal coming "very shortly," without revealing specifics.

The Dow was down 0.20%, or 55 points, in premarket trade at 6:16 am ET, while the Nasdaq 100 slid 0.17%. The S&P 500 decreased by 0.16%.

The euro tumbled 0.38% against the dollar at 6:16 am ET to go for $1.12528, its lowest in eight days.

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Breaking the News / NI