Wall Street lower premarket ahead of jobs report

Wednesday, 04. August 2021 10:42

Shares on Wall Street traded flat to lower on Wednesday ahead of the release of the July ADP employment report. The ADP report will give traders a preview of Friday's much-anticipated nonfarm payrolls data as Federal Reserve officials continue to assess the labor market's recovery from the pandemic.

Meanwhile, more corporate earnings were scheduled for a release later in the day, with CVS, Kraft Heinz and GM among the most noteworthy companies set to report their results before the opening bell.

The Dow Jones declined 0.12% at 4:30 am ET while the S&P 500 fell 0.10%. The Nasdaq 100 was flat at the time. The euro was down 0.15% against the dollar at 4:35 am ET, buying 1.18455.

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Breaking the News / JC