US down premarket, Nasdaq falls more than 1%

Friday, 30. July 2021 10:30

Equities on Wall Street traded lower in the premarket session on Friday, as investors analyzed how the latest coronavirus vaccination incentives will pan out. In light of increasing COVID-19 cases in the United States and the threat of the Delta variant, President Joe Biden announced that the government will pay unvaccinated people to get the shot, while also imposing mandates among federal workers.

Meanwhile, earnings season continued with Pinterest, T-Mobile, Gilead, and Amazon reporting an annual increase in their quarterly revenues. More earnings reports are due to be released before markets open today, including Chevron, Exxon Mobile, and Procter & Gamble.

The Dow Jones lost 0.21% at 4:28 am ET, while the S&P 500 dropped 0.66% at the same time. The Nasdaq 100 fell 1.16% or 174 points a minute later at 4:29 am ET. The euro increased 0.08% against the dollar trading for $1.18971 at 4:30 am ET.

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