NEW YORK, Oct 11 — Wall Street’s main indexes were set to open higher today as US Treasury yields continued to retreat, while investors assessed the latest inflation data and...
Hindu mum Loh Siew Hong’s case: High Court rejects Perlis Islamic Council’s bid to gain access to her children for religious education
“The market is responding as if this were essentially a non-event, something that had been anticipated and not something that would cause the Fed to change their inflationary direction,” said Sam Stovall, chief investment strategist at CFRA Research.Minutes from the Fed’s September meeting, where policymakers held rates steady, are expected at 2pm ET (2am Malaysian time0 and would be crucial in assessing the central bank’s outlook on interest rates.
Megacap stocks Microsoft, Alphabet, Tesla , Nvidia and Meta Platforms advanced between 0.3 per cent and 0.8 per cent in premarket trading. The debut of German luxury sandal maker Birkenstock Holding on the New York Stock Exchange will also be keenly watched. The company has priced its IPO at the middle of its indicated price range at US$46 per share.
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