Stocks Down Pre-Bell as Investors Digest Trump's Remarks on Rates, Oil Prices; Asia, Europe Mostly Up
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US stocks were down before the opening bell as investors reacted to President Trump's remarks on interest rates and oil prices. The S&P 500 and Nasdaq fell 0.2%, while the Dow Jones dropped 0.1%. Asian and European markets were mostly up. Boeing shares fell 1.5% after a disappointing earnings forecast, while Twilio surged 18% on strong results. Texas Instruments dropped 4.5% due to a negative outlook. Key economic reports are due, including the purchasing managers' index and existing home sales.
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