US Stock Market Today: S&P 500, Dow Edge Lower As Fed’s December Rethink, Mixed Tech Earnings Hit Sentiments
The benchmark US stock market indices opened lower on Thursday amid jitters surrounding trade talks with China, mixed tech results, and a hawkish Federal Reserve. The S&P 500 opened in the red, trading 0.56% or 38.44 points lower at 6,852.15, while the tech-heavy Nasdaq Composite opened nearly 1% or 227.21 points lower at 23,731.26, and the Dow Jones Industrial Average opened 0.17% or 81.27 points lower to trade at 47,550.73.
Mixed Tech Earnings
The share price of Meta Platforms tanked more than 12% in the early minutes of trade after the giant’s rating was humbled by Oppenheimer to ‘perform’ from ‘outperform’ on account of its heavy AI spending. The Facebook and Instagram parent reported revenue growth of 26% that beat market estimates, but that jump was outpaced by a 32% increase in costs. Other major names like Intel Corp. and Microsoft Corp. also traded in the red, 0.51% and 2.16% lower respectively. The grass was greener for other market titans like Apple Inc., which traded 0.60% higher.
Oracle’s stock also traded 2.30% lower at $269.23 on Thursday after the US market opened. Six out of the 11 sectoral indices were trading lower, with consumer discretionary leading the decline, while five traded in the green with the financial sector leading the gains. For more information on US stock market trends and their impact on Indian investors, please visit our website.
Global Market Trends
Spot gold was up 1.66% to $3,995.28 an ounce. Crude oil prices fell, with West Texas trading 1.01% lower at $59.86 per barrel and Brent crude trading 0.96% lower at $63.67 per barrel. The Bloomberg Dollar Index was up 0.4%, with the British Pound down 0.4% to $1.31 and the Japanese yen slipping 1% to 154.29 per dollar.
Bitcoin, the largest traded cryptocurrency, fell 3.3% to $107,736.58. As an Indian investor, it’s essential to stay updated on global market trends and their potential impact on your investments. You can learn more about investing in the US stock market and other international markets on our website.
Indian Investors and the US Stock Market
Indian investors can benefit from understanding the US stock market trends and their potential impact on the Indian economy. The Sensex and Nifty are two of the most widely followed stock market indices in India, and they can be influenced by global market trends. By staying informed about the US stock market and other global markets, Indian investors can make more informed investment decisions.
For more information on stock market news and trends, please visit our website. We provide daily updates on the Indian stock market, including Nifty levels and Sensex news. Our website is a valuable resource for Indian investors looking to stay ahead of the curve and make informed investment decisions.