Fly-E Group, Inc. shares fall 3.28% premarket as U.S. stocks close lower on disappointing corporate earnings.

Fly-E Group, Inc. fell 3.28% in premarket trading. The decline in the stock price may be attributed to the broader market sentiment, as U.S. stocks closed lower on Tuesday due to disappointing corporate earnings and investors awaiting a Federal Reserve policy statement. Additionally, major Dow components like UnitedHealth, Boeing, and Merck reported earnings that were below expectations, contributing to a bearish market outlook.