Dow, S&P 500 set to open higher as bank stocks, Nike gain | Malay Mail

NEW YORK, March 23 — The Dow and the S&P 500 were set to open higher yesterday, as bank shares gained on growing bets of aggressive interest rate increases by the Federal Reserve and sportswear maker Nike rose after upbeat quarterly results.

“That opens a debate as to whether or not eventually the Fed tightening is going to bring us towards recession. For now, we’re not seeing the market reacting to this huge jump that we had in yields and the partial flattening of the yield curve,” Cardillo said. The Kremlin said it would like ongoing talks between Moscow and Kyiv to be more “active and substantive”, as fighting between Russian and Ukrainian forces continued.

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US stocks resume upward push, Nike gains after results | Malay MailNEW YORK, March 22 — Wall Street stocks resumed their upward climb early today as markets digested another jump in US Treasury bond yields in anticipation of more Federal Reserve monetary tightening. The yield on the 10-year US Treasury note — a proxy for interest rate expectations — jumped...
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