US Stock Market Today: Wall Street Extends Losses, Nvidia and Microsoft Weigh Heavy

The US stock market extended its losses for a second consecutive session, with the Nasdaq Composite down 1% and the S&P 500 falling 0.61%. The Dow Jones Industrial Average also fell, down 0.29% for the session.

The Nasdaq Composite fell 1.01% or 247.94 points lower at 23,471.77, the S&P 500 was down 0.61% or 42.20 points at 6,916.62, and the Dow Jones Industrial Average fell 0.29% or 140.59 points lower at 49,051.40.

Indian IT Stocks in Focus

Meanwhile, the American Depositary Receipts (ADRs) of Indian IT giant Infosys Ltd. spiked in the early minutes of trade on the back of its third quarter results and upgraded revenue guidance for fiscal 2026. As of 9:58 a.m. EST, the ADR gained as much as 9.23% to $19.14.

The ADR is a tool for multinationals/foreign companies (primarily based outside the US) or organisations to trade on US stock markets, just like regular shares of US companies. This allows Indian companies like Infosys Ltd. to raise capital from US investors and increases their global visibility.

US Tech Stocks Weigh on Wall Street

The US-based tech titans weighed on the Wall Street in early trade. Nvidia Corp. traded 2.46% lower at $181.29, Microsoft Corp. traded 1.39% lower at $463.64, Amazon.com Inc. traded 1.76% lower at $238.26 and Meta Platforms was 1.68% down at $620.56.

Commodities and Currencies

Commodities gained with US spot gold trading 0.60% higher at $4,615.31 an ounce; while in the crude basket West Texas Intermediate rose 0.70% to $61.61 a barrel and Brent Crude rose 0.76% to $61.57 a barrel.

The Bloomberg Dollar Spot Index was little changed, so was the euro at $1.1649. The British pound rose 0.2% to $1.3447 and the Japanese yen rose 0.4% to 158.56 per dollar.

Implications for Indian Investors

The US stock market’s performance has significant implications for Indian investors, particularly those invested in US-based companies or those with exposure to global markets. The Nifty 50 and Sensex are closely linked to global market trends, and any significant movement in the US markets can have a ripple effect on Indian markets.

Indian investors should keep a close eye on the US market trends and adjust their investment strategies accordingly. They can also consider investing in Indian stock market through various investment instruments such as mutual funds, ETFs, or individual stocks.

Conclusion

In conclusion, the US stock market extended its losses for a second consecutive session, with the Nasdaq Composite down 1% and the S&P 500 falling 0.61%. Indian IT giant Infosys Ltd. saw its American Depositary Receipts spike on the back of its third quarter results and upgraded revenue guidance for fiscal 2026.

Indian investors should remain cautious and keep a close eye on the US market trends and adjust their investment strategies accordingly. They can also consider investing in Indian stock market through various investment instruments such as mutual funds, ETFs, or individual stocks.