US Stock Market Today: Wall Street Extends Losses, Nasdaq Down 1%; Nvidia, Microsoft Top Drags

The US stock market extended its losses for a second consecutive session, with the Nasdaq falling 1% and the S&P 500 down 0.61%. The Dow Jones Industrial Average also fell, down 0.29% at 49,051.40.

Nasdaq Falls 1% as Tech Stocks Weigh

The Nasdaq Composite fell 1.01% or 247.94 points lower at 23,471.77, with tech stocks weighing on the index. Nvidia Corp. traded 2.46% lower at $181.29, while Microsoft Corp. traded 1.39% lower at $463.64. Amazon.com Inc. also fell, down 1.76% at $238.26, and Meta Platforms was 1.68% down at $620.56.

Infosys American Depositary Receipts Spike 9.23%

Meanwhile, the American Depositary Receipts 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. This is a significant move for Indian investors, who can learn more about American Depositary Receipts and how they work.

Commodities Gain as Gold and Oil Rise

Commodities gained, with US spot gold trading 0.60% higher at $4,615.31 an ounce. 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. This rise in commodities can have a significant impact on the Indian economy, and investors can learn more about commodity prices in India and how they affect the stock market.

Currency Markets See Little Change

The Bloomberg Dollar Spot Index was little changed, as 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. For Indian investors, understanding currency market trends is crucial, and they can learn more about how to navigate these markets.

Impact on Indian Markets

The fall in the US stock market can have a significant impact on Indian markets, particularly the Nifty 50 and the Sensex. Indian investors can learn more about Indian stock market news and how to make informed investment decisions.

Conclusion

In conclusion, the US stock market extended its losses for a second consecutive session, with the Nasdaq falling 1% and the S&P 500 down 0.61%. Indian IT giant Infosys saw its American Depositary Receipts spike 9.23% after upgrading its revenue guidance for fiscal 2026. Indian investors can learn more about stock market investing in India and how to navigate the markets.