Amnesty International says Anwar administration failed to keep his promise of reforms; global report shows Malaysia lacking in seven areas
Tesla led gains across megacap stocks with a 9.7 per cent jump after the electric-vehicle maker eased some worries about growth with a prediction that sales would rise this year and said it would roll out more affordable models in early 2025.The earnings season was in full swing with drugmaker Biogen adding 3.7 per cent on beating first-quarter profit expectations.
Meanwhile, social media firms Meta Platforms and Snap gained 1.8 per cent and 0.6 per cent, respectively, after the US Senate passed a bill late on Tuesday that would ban TikTok in the United States if its owner, the Chinese tech firm ByteDance, failed to divest the popular short video app.“Last week was really rough for the Nasdaq, it was almost indiscriminate selling of all growth stocks,” said Russell Hackmann, president of Hackmann Wealth Partners.
At 9.39am ET, the Dow Jones Industrial Average was down 33.34 points, or 0.09 per cent, at 38,470.35, the S&P 500 was up 14.60 points, or 0.29 per cent, at 5,085.15, and the Nasdaq Composite was up 127.90 points, or 0.81 per cent, at 15,824.54.
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