US turns mostly red premarket as tech shares fall

Monday, 27. September 2021 14:43

Indexes on Wall Street turned to red in the premarket session on Monday, as investors were cautious of another volatile week to end the month of September. New data showed that durable goods orders increased significantly in August and the ten-year Treasury yield saw its highest number in three months.

Meanwhile, tech shares seem to have driven the downward turn, with Apple, Tesla, and Nvidia all trading lower in the premarket session, as reports came out over the weekend that their key suppliers will have to stop manufacturing parts due to China's tightening energy policy.

The Dow Jones stayed in the green, trading 0.12% higher at 8:42 am ET. The Nasdaq 100 and the S&P 500 turned to red, dropping 0.89% and 0.26% respectively a minute later. The euro lost 0.13% against the dollar trading for $1.17055 at 8:43 am ET.

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Breaking the News / OL