US accelerates premarket losses after European data

Dienstag, 05. Juli 2022 12:03

Wall Street shares fell further during the premarket on Tuesday after final PMI data from Germany and the entire Eurozone showed that private sector activity fell to multimonth lows, possibly triggering concerns about a global economic downturn.

The Dow Jones Industrial Average declined by 168 points or 0.53%, the Nasdaq 100 was 0.72% down and the S&P 500 decreased by 0.57% at 6:02 am ET.

The euro was 1.17% lower compared to the dollar, changing hands for 1.03002 a minute later.

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