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US STOCKS-Futures tick up in thin trading week, Fed commentary in focus [Yahoo! Finance]
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Merck up after FDA approves therapy for rare lung condition Megacap growth stocks, chipmakers recover Futures up: Dow 0.42%, S&P 0.42%, Nasdaq 0.47% (Updated at 07:00 a.m. ET/ 1100 GMT) By Shashwat Chauhan and Bansari Mayur Kamdar March 27 (Reuters) - U.S. stock index futures inched higher on Wednesday as chipmakers and market-leading growth stocks rebounded in light trading ahead of crucial economic data, commentary from the Federal Reserve's policymakers and a long holiday weekend. The Dow and the S&P 500 recorded their third consecutive declines on Tuesday, as most megacaps were pressured and stocks struggled to maintain an upwards momentum. Investors look forward to comments from Fed Board Governor Christopher Waller, who is set to speak at the Economic Club of New York later in the day. "Waller is generally considered a hawk, so it will be interesting to see how he reacts to the latest data releases," said Francesco Pesole, an FX strategist at ING. "When it com
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- Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times][The New York Times]
- Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance][Yahoo! Finance]
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- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters][Reuters]
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