3/2, 10:30 AM (Source: TeleTrader)
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US mostly red premarket as interest rate fears grow

Major equities on Wall Street traded mostly lower in the premarket session on Thursday as fears over tighter monetary policy by the Federal Reserve roiled the markets with policymakers cautioning against premature monetary policy easing because it could cause inflation to spike again.

Investors will be on the look out for the release of quarterly financial results by major corporations, including Best Buy, Macy's, Broadcom, Dell, Costco, and Hewlett Packard Enterprise. Before the opening bell, the report on the jobless claims in the United States will be published.

The Dow Jones Industrial Average was up 0.07% at 4:29 am ET. At the same time, the Nasdaq 100 lost 0.73%, while the S&P 500 dropped 0.53%.

The euro slipped 0.32% against the greenback, changing hands to $1.06309 at 4:31 am ET.

Baha Breaking News (BBN) / AB