2/7, 2:18 PM (Source: TeleTrader)
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Wall Street cuts premarket losses

United States stock exchanges turned to gains in the premarket on Monday after spending a large portion of early morning trade below the flatline. Spirit and Frontier announced a $6.6 billion merger deal, while Peloton soared 35% at one point on reports on a potential acquisition by either Amazon or Nike.

This week, besides the latest corporate earnings reports, investors will keep their focus on the US inflation report that is due on Thursday, February 10.

The Dow Jones was up 0.21% or 71 points at 8:17 am ET. The Nasdaq 100 gained 0.39% and the S&P 500 rose by 0.23% at the same time.

The euro declined 0.10% compared to the dollar to go for 1.14428 a minute later.

Baha Breaking News (BBN) / MS