FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid
March 9, 2022
By Devik Jain and Sabahatjahan Contractor
(Reuters) – Wall Street’s main indexes were set to bounce back on Wednesday after four straight sessions of losses as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine.
Megacap growth stocks Amazon.com Inc, Apple Inc, Microsoft Corp, Alphabet Inc, Meta Platforms and Tesla Inc gained more than 2% each in premarket trading.
Big banks rose, with Bank of America <BAC.N> and Wells Fargo up 3% each. The S&P 500 banks index has fallen 4.5% so far this week.
Travel and leisure stocks surged the most. Carnival Corp and American Airlines Group climbed 6.1% and 5.3%, respectively, after…
