Wall Street opens mostly lower as oil prices surge | Malay Mail

NEW YORK, March 7 — US stocks were mostly lower at the start of trading today amid ongoing concerns about the Russian invasion of Ukraine that has sent global oil prices soaring.

Brent crude spiked to nearly US$140 a barrel, but has since retreated, and Western allies have so far refrained from targeting Russia’s oil exports for sanctions. The broad-based S&P 500 fell 0.8 per cent 4,292.88, the tech-rich Nasdaq Composite Index 0.6 per cent to 13,228.32. “That’s why trading conditions are expected to remain volatile, with appreciable moves to the upside and the downside based on the latest headlines,” he said in a commentary.

The evil

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Ringgit opens slightly lower against US dollar | Malay MailKUALA LUMPUR, March 7 — The ringgit opened slightly lower against the US dollar today on lack of buying interest. At 9am, the local note was trading at 4.1775/1805 versus the greenback compared with 4.1760/1795 at Friday’s close. SPI Asset Management managing partner Stephen Innes said regional...
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