US stocks open higher as market awaits Fed decision | Malay Mail

NEW YORK, Jan 26 — Wall Street stocks opened solidly higher today following good results from Microsoft, as investors await a key Federal Reserve decision and monitor US-Russia tensions over Ukraine.

Better-than-expected Microsoft results due to robust demand for digital software helped lift large tech giants such as Apple and Amazon ahead of their reports in the coming days. The good results also shifted attention away from Ukraine after the United States yesterday threatened severe sanctions on Russia.

Markets are awaiting a Fed decision later today expected to spell out the US central bank’s roadmap for tightening monetary policy. Worries about the Fed pivot have weighed on stocks throughout 2022 so far.The broad-based S&P 500 gained 1.5 per cent to 4,419.86, while the tech-rich Nasdaq Composite Index jumped 1.9 per cent to 13,797.04.

Equities have had a topsy-turvy week so far, overcoming a huge deficit on Monday to finish higher before pulling back yesterday. — AFP

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Tokyo stocks fall ahead of Fed decision | Malay MailTOKYO, Jan 26 ― Tokyo stocks fell in morning trade today following a slump on Wall Street as investors await a key decision from the US Federal Reserve. The benchmark Nikkei 225 opened flat then dropped 0.87 per cent, or 235.67 points, to 26,895 in morning trade, while the broader Topix index...
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Tokyo stocks close lower ahead of Fed decision | Malay MailTOKYO, Jan 26 ― Tokyo stocks closed lower today after a session of risk-averse trade ahead of a key decision from the US Federal Reserve. The benchmark Nikkei 225 fell 0.44 per cent, or 120.01 points, to end at 27,011.33, while the broader Topix index slid 0.25 per cent, or 4.77 points, to...
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