From Nasdaq:

Wall Street set to open higher as Federal Reserve Chair Jerome Powell indicates a possible interest rate cut later this year due to easing inflation. Market leaders Tesla and Apple led indexes to close over 1% lower on Tuesday. U.S. private payrolls slightly below expectations for February. Traders foresee a June rate cut. Most megacap growth and tech stocks rise in premarket trading, along with cryptocurrency-linked companies like Coinbase and MicroStrategy. CrowdStrike forecasts strong annual results, lifting cybersecurity stocks. U.S.-listed shares of China’s JD.com surge 14.2% after reporting higher revenue and increasing share repurchase program. (Reporting by Bansari Mayur Kamdar and Amruta Khandekar in Bengaluru)



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