Wall St eyes lower open on inflation concerns, Fed speakers in focus


FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. REUTERS/Andrew Kelly/File Photo

WALL Street's main indexes were set to open lower on Thursday as weaker-than-expected jobless claims data added to concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day.

Denting sentiment further, Apple dropped 3.5% in premarket trading amid news that China has widened curbs on the use of iPhones by state employees, requiring staff at some central government agencies to stop using their mobile phones at work.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Wall Street , jobless , inflation , Federal Reserve

Next In Business News

BMI sees Bank Negara holdings OPR at 2.75% in July amid contained inflation
CIMB bolsters support for MSMEs affected by Middle East conflict
Share futures wobble, dollar gains as Gulf talks teeter
FBM KLCI expected to consolidate after strong rally
Ringgit opens higher against US$ amid ongoing West Asia peace talks
Trading ideas: TNB, MR DIY, Cape EMS, KJTS, Meta Bright, PUC, Zelan, Parkson, PetDag, SkyeChip, Gold Li, Hume Cement, SLP
Oil jumps as US and Iran disagree on peace proposal
EU deal is back
One-stop portal for SMEs to be launched this month
Geopolitical risks, oil shock among Fed concerns

Others Also Read