S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US equities fell on Thursday, halting the recent rally on the lack of progress in the conflict between the US and Iran. The S&P 500 and the Nasdaq fell around 0.3% each from their record highs last session and the Dow dropped nearly 200 points. Oil and refined product prices remained high as Iran’s seizure of commercial vessels in the Persian Gulf dimmed the outlook of an agreement with Washington that could restore tanker flows from the key region, limiting optimism on US growth and lifting benchmark interest rates. Tech stocks pulled back to pare yesterday’s outperformance amid mixed results on speculative AI companies. Tesla fell 2% to reflect skepticism on its announcement of higher AI and robotics spending. Also, ServiceNow sank 15% as subscription revenue was pressured from the Iran war. Microsoft, Meta, and Oracle dropped up to 4%. On the other hand, Texas Instruments surged 10% after posting an optimistic guidance. American Airlines and Intel will report after the closing bell.
