12/1/2021, 10:21 AM (Source: TeleTrader)
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US rebounds in premarket, Dow jumps 300 pts

Major stock market indices recovered some of the prior day's losses in the premarket on Wednesday, with the Dow Jones Industrial Average surging more than 300 points.

Apart from Federal Reserve Chair Jerome Powell's remarks on the possible changes in the timeline for the tapering of the central bank's asset purchases, the investors will keep an eye on the private payroll data and two reports on the state of the manufacturing sector in the country.

The Dow Jones soared 0.88%, or 303 points, at 4:21 am ET, while the Nasdaq 100 jumped 1.43% at the same time. The S&P 500 concurrently advanced by 1.15%. The euro lost 0.15% compared to the dollar at 4:23 am ET, selling for 1.13236.

Baha Breaking the News (BBN) / BU