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Stocks Down Pre-Bell Ahead of Key Inflation Report; Asia, Europe Fall
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Stocks Down Pre-Bell Ahead of Key Inflation Report; Asia, Europe Fall
Mar 28, 2025 4:42 AM

07:14 AM EDT, 03/28/2025 (MT Newswires) -- The benchmark US stock measures slipped before Friday's open as traders await the personal income and outlays report for February.

Standard & Poor's 500 and the Dow Jones Industrial Average were slightly in the red while the Nasdaq was off 0.1% in premarket activity. Most Asian and European exchanges were pointing lower.

Last month's personal income report is scheduled for an 8:30 am ET release and includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric. Friday's economic calendar also has the final University of Michigan consumer sentiment report for March at 10 am, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.

Fed Governor Michael Barr is slated to speak at 12:15 pm while Atlanta Fed President Raphael Bostic speaks at 3:45 pm.

Shares of Lululemon Athletica ( LULU ) dropped 13% pre-bell as the athletic apparel maker issued a downbeat fiscal first-quarter outlook. Rocket Lab USA ( RKLB ) advanced 8.9% after the company was selected for an up to $5.6 billion contract from the US Space Force.

Braze (BRZE) jumped 9.5% as the company reported better-than-expected quarterly results and agreed to buy artificial intelligence decisioning company OfferFit for $325 million. Tesla (TSLA) increased 1.5% while Nvidia ( NVDA ) edged up 0.6%.

Before the opening bell, bitcoin fell 2.6% to $85,005, West Texas Intermediate crude oil nudged down 0.3% to $69.74 a barrel, yields on 10-year Treasuries retreated 3.9 basis points to 4.33% and gold rose 0.6% to $3,081 an ounce.

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