6 things that changed for the stock market overnight - Gift Nifty, US GDP growth to corporate earnings
Motilal Oswal Financial Services. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 27 Here are key global market cues for Sensex today: Asian markets rebounded to trade higher on Friday as investors weighed on key economic data in the region. Japan’s Nikkei 225 traded 0.56% higher and the Topix gained 0.6%.
South Korea’s Kospi added 0.19%, while the Kosdaq fell marginally. Hong Kong’s Hang Seng index futures were higher at 17,136, compared to the HSI’s close of 17,044.61. Australia’s S&P/ASX 200 rose 0.29%, bouncing from a one-year low in the previous session.
Gift Nifty was trading around 18,953 as against Nifty futures’ previous close of 18,966, indicating a tepid start for the Indian indices. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The US stock market ended lower on Thursday dragged by tech shares amid mixed quarterly earnings. The tech-heavy Nasdaq suffered the biggest percentage drop on cloudy earnings guidance and signs of economic resiliency that could lead the Federal Reserve to keep interest rates higher for longer than expected.
The Dow Jones Industrial Average declined 251.63 points, or 0.76%, to 32,784.3, while the S&P 500 dropped 49.54 points, or 1.18%, to 4,137.23. The Nasdaq Composite ended 225.62 points, or 1.76%, lower at 12,595.61. Data showed that the US economy grew 4.9% in the third quarter.
Among stocks, Meta Platforms shares fell 3.7%, Alphabet shares tumbled 9.5% and Microsoft rose 3.1%. Western Digital Corp slid 9.3%, while IBM shares jumped 4.9%. Amazon share price gained over 5% in extended trading.
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