US stocks edged lower on Wednesday ahead of an inflation data due later in the week.
At 09:35 a.m. ET, the Dow Jones Industrial Average was down 204.74 points, or 0.53 per cent, at 38,767.67, the S&P 500 was down 14.78 points, or 0.29 per cent, at 5,063.40, and the Nasdaq Composite was down 66.84 points, or 0.42 per cent, at 15,968.46.
E-commerce platform eBay, outperforming the markets, rose 7.5 per cent after reporting stronger earnings.
Coinbase gained 3.7 per cent as bitcoin’s price continued rally.
Dating and friend-making app Bumble stock shed 4.4 per cent after it reported weaker quarterly results.
Urban Outfitters tanked 8.4 per cent after the retailer reported weaker results.
Novavax slumped 28.3 per cent after it posted a larger-than-expected fourth quarter loss.
