US Stock Market Today: Wall Street Extends Losses
The US stock market extended its losses for a second consecutive session, with the US stock market indices opening in the red on Wednesday. The Nasdaq Composite fell 1.01% or 247.94 points lower at 23,471.77, while the S&P 500 was down 0.61% or 42.20 points at 6,916.62. The Dow Jones Industrial Average fell 0.29% or 140.59 points lower at 49,051.40.
Indian IT Stocks Shine
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.
US Tech Titans Weigh on Wall Street
The US-based tech titans weighed on the Wall Street in early trade, with Nvidia Corp. trading 2.46% lower at $181.29, Microsoft Corp. trading 1.39% lower at $463.64, Amazon.com Inc. trading 1.76% lower at $238.26, and Meta Platforms trading 1.68% down at $620.56.
Commodities Gain
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.
Currency Market Update
The Bloomberg Dollar Spot Index was little changed, while the euro was trading at $1.1649. The British pound rose 0.2% to $1.3447, and the Japanese yen rose 0.4% to 158.56 per dollar.
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