Wall Street rebounds slightly in premarket

Mittwoch, 19. Februar 2020 10:50

Shares on Wall Street posted modest gains in premarket trading on Wednesday after tumbling in the day before pressed by investors' fears about the impact of the coronavirus outbreak. The worries subsided after large automakers said they expect production in China to resume soon, while Audi already put its plants back to work on Monday. The disease, however, continues to spread, killing over 2,000 people and infecting over 74,000.

Market participants are also expecting the latest producer price figures set for release before the bell.

The Dow Jones Industrial Average index climbed 0.20% at 4:49 am ET, as the Nasdaq 100 added 0.30%. The S&P 500 was up by 0.18% at the same time.

The euro traded flat against the dollar, buying $1.08012 at 4:50 am ET.

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Breaking the News / NI