Wall Street eyes higher open as banks, megacaps rise | Malay Mail

NEW YORK, March 3 — US stock indexes were set for a higher open today, with all eyes on megacap growth stocks that led a rally in the previous session after Federal Reserve Chair Jerome Powell pointed to a cautious tightening amid the Ukraine crisis.

Growth stocks and big banks inched higher. Tesla Inc, Amazon.com, Microsoft Corp, Meta Platforms, Apple Inc and Google owner-Alphabet Inc rose between 0.4 per cent and 0.9 per cent.A Ukrainian official said Ukraine-Russia talks would start in a couple of hours. Meanwhile, Russian President Vladimir Putin told his French counterpart Emmanuel Macron that the goals of Russia’s operation in Ukraine - its demilitarisation and neutral status - will be achieved in any case.

US stocks rallied sharply yesterday after Powell said he will back a quarter point rate increase when the Fed meets March 15-16, assuaging some fears of an aggressive policy tightening by the US central bank.Read full story

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Bursa opens higher, tracking Wall Street performance | Malay MailKUALA LUMPUR, March 3 — Bursa Malaysia opened higher in line with the sharp rebound on Wall Street overnight, on the back of the United States Federal Reserve’s move to support smaller rate hikes going forward, as well as the likelihood that Bank Negara would maintain the...
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