Premarket: Stocks, dollar sag as data point to flagging U.S. economy

News Snapshot:

Global shares eased on Tuesday with investors considering the prospect that the U.S. economy’s “exceptionalism” may be starting to unwind as manufacturing activity further weakened, in turn pushing the dollar to multi-month lows. In India, share markets sold off sharply after early vote counting showed Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance was not headed for a landslide win as predicted. The U.S. dollar skimmed its lowest in over two months against the euro and the British pound, while U.S. government bond yields have retreated over the past six weeks, as investors have bought into the idea that the...