US market opened higher for the fourth session on Thursday as well, with the Dow Jones Industrial Average advancing over 208 points or about 0.4%, just after the opening bell. The tech-heavy Nasdaq Composite increased 0.2%, gaining about 53 points.
The S&P 500 gained 0.3% to trade above 6,100 points. Among major companies, shares of Dell Tech was trading over 3% higher. Names like Equinix and Chipotle Mexican Grill were down.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The broader index is about 0.9% away from its all-time closing high of 6,144.15. It's also around 0.9% off its record intraday high of 6,147.43.
With technology stocks powering major US indices toward record highs, technical analysts see the makings of a selloff in the coming months unless more sectors join the rally, according to Bloomberg.
The S&P 500 Index's rebound from its tariff-fueled April slide has left it less than 1% from an all-time high. Among the 11 S&P sectors, information technology, industrials and communication services are the only three that have touched all-time highs.
But so far, market breadth or the percentage of the S&P 500 members trading above their 200-day moving average, hasn't budged since May.
The yield on 10-Year treasuries declined three basis points to 4.27% and spot gold fell 0.3% to $3,321.10 per ounce. Bitcoin fell 0.7% to $107,130.
Bloomberg Dollar Spot Index fell 0.5% while the MSCI World Index rose 0.3%. The Japanese Yen also rose 0.7% to 144.25 per dollar.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.