Wall St set to open lower as soaring oil prices, Fed caution rattle investors

A strong forecastfrom Micron Technology (MU.O), opens new tabalso failed to uplift sentiment, with its shares down 4.5% in premarket trading, as investors mulled the chip company's higher spending plans in the light of elevated borrowing costs. Sign up here. Other memory chip stocks that had a strong run this year were also knocked down. SanDisk (SNDK.O), opens new tabfell 4.5%, Western Digital (WDC.O), opens new tabslipped 2.3%, while AI leader Nvidia (NVDA.O), opens new tabdipped 0.4%. Brent crude prices ...