US Stocks End Lower, Asian Indices Under Pressure; Negative Open On D-Street? | CNBC TV18

The US stock market indexes pared early gains and fell sharply in the second half as geopolitical tension between Israel and Iran escalated and hawkish comments from Fed officials dented the sentiments. Several Fed officials made speeches on Thursday and made hawkish remarks, Richmond Fed President Thomas Barkin said the Fed should not hurry in cutting interest rates as inflation data at the beginning of 2024 is not encouraging. The key US stock market index, the Dow Jones Industrial Average (DJIA) ended lower by 1.35%, falling for the fourth consecutive session. The S&P 500 and Nasdaq Composite indices closed lower by 1.23% and 1.40% respectively.

Asian stock market indexes are trading lower on Friday tracking negative cues from Wall Street overnight. Investors fear that the US Fed will delay cutting interest rates after hawkish comments made by several Fed officials on Thursday. Meanwhile, investors are also concerned about the rising crude oil prices, which are trading near a six-month high due to fresh geopolitical tension.

Japan’s Nikkei 225 is trading sharply lower by 2.30%, as household spending fell less than expected in February. Australia’s S&P ASX 200 is down 0.71%. South Korea’s Kospi index is reversing its previous session’s gain, down 0.88%. Hang Seng resumed trading after a public holiday on Thursday and is trading marginally higher by 0.20%. The Straits Times trades in the negative territory today at 7.10 am IST.

The indications from Global Markets and Gift Nifty are negative. Indian stock market indexes are likely to open in the red but will remain volatile due to the RBI monetary policy outcome in the morning session.

#stockmarketupdates #sensex #nifty #dalalstreetaction #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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