Good Morning Early, Readers!!
Wall Street seen hitting the speed bump.
Gift Nifty however zooms higher on media reports that the U.S. is reportedly set to slash tariffs on Indian imports to just 15–16%.
6:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (+372, 26295)
Dow Futures: (-115, 46475)
Nasdaq 100 Futures (+11, 24891)
Nikkei (-667, 48641)
Hang Seng (Closed, 25782)
Dow Jones (-334, 46590)
Nasdaq Composite (-213, 22740)
Bovespa (+759, 144844).
Wall Street plunged in overnight trade as investors, traders and speculators wonder whether this remains a Magnificent 7 market and how long this AI-driven bull run will last.
The 2-big negative catalysts:
1) No end to the US government shutdown in sight.
2) Mixed-to-mostly-negative performance among the Magnificent 7 stocks that had driven the prodigious rally off April’s Liberation Day lows.
Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantees performance of the intermediary or provides any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.