Global Markets
Overnight: Nasdaq +1.05% on AI rally; Meta up, Tesla down after hours; GIFT Nifty signals weak start
Wall Street rose for a fourth day, but GIFT Nifty points lower as oil stays above $108 and Indian broader markets stay fragile.
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US stocks rose again on Wednesday. The Dow gained 0.69% to 52,856.09, the S&P 500 added 0.58% to 7,757.17 and the tech-heavy Nasdaq rose 1.05% to 26,702.86, helped by strong results from SpaceX and server maker Supermicro, which lifted AI-linked shares, TradingKey reported. Netflix fell about 5% on a weak outlook.
After the closing bell, the two big results came in. Meta's shares rose about 2–3% in after-hours trade after revenue of $64.6 billion beat expectations, while Tesla's fell about 3.3% after profit dropped 43%. After-hours trading is thin, so these moves can change when markets open. In Asia, South Korea's Kospi jumped 3.29% on Wednesday after Tuesday's crash.
Oil swung but ended flat. Brent briefly rose about $2 to $110.85 when Iran's leaders ruled out talks under pressure, then settled at $108.82, up just 3 cents; US crude (WTI) settled at $97.15. Gold futures edged up 0.2% to about $4,150. GIFT Nifty, the Nifty futures contract traded in Gujarat's GIFT City that hints at India's opening, was at 22,644 at 7:35 am, down 0.37% and below Wednesday's Nifty close of 22,811.35.
Key takeaway: a strong US session isn't enough on its own; GIFT Nifty points to a soft open in India, where oil above $108 and weak mid and small caps remain the worry.
| Market | Level | Change |
|---|---|---|
| Dow Jones | 52,856.09 | +0.69% |
| S&P 500Fourth day of gains | 7,757.17 | +0.58% |
| Nasdaq CompositeSpaceX, Supermicro lead | 26,702.86 | +1.05% |
| Meta (after hours)Revenue beat | +2–3% | |
| Tesla (after hours)Profit down 43% | -3.3% | |
| Brent crudeTouched $110.85 intraday | $108.82 | +0.03% |
| WTI crude | $97.15 | -0.7% |
| Gold (futures) | ~$4,150/oz | +0.2% |
| Silver (spot) | ~$57.73/oz | -0.4% |
| KospiWednesday close | +3.29% | |
| GIFT Nifty7:35 am IST | 22,644 | -0.37% |
| USD/INRWednesday close; sources differ slightly | 94.43–94.46 | Rupee +0.5% |
Tech and AI stocks keep leading the US market, while oil near $110 and Middle East risk keep inflation fears alive.
GIFT Nifty points to a weaker open for Indian shares. IT stocks may draw support from strong US tech, while oil-sensitive sectors and small caps stay under pressure.
Sources
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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