US markets fall for 6th day in a row, S&P 500 down 0.32%; GIFT Nifty up
US markets continued to fall for a sixth day in a row on April 19, as Israel launched retaliatory against attacks on Iran. At 8:45 pm IST, the S&P 500 fell 0.32 percent to 4,995.02Â while Netflix dragged the Nasdaq Composite, which tumbled 1.11 percent to 15,428.61.
US
The Dow Jones Industrial Average, however, traded positive up 0.42 percent at 37,932.98. Netflix shares fell 8.43 percent to $559.07, after the company announced that it would cease disclosing subscriber additions and average revenue per member rating from 2025 onwards.
The GIFT Nifty traded positive, up 0.32 percent higher at 22,181.50 as Nifty and Sensex edged higher during the day.
European markets traded mixed. The FTSE was up 0.23 percent at 7,894.64 while the DAX traded 0.55 percent lower at 17,793.17. The CAC also traded flat-to-negative at 8,023.02.
Yes, that’s correct! It seems there’s a divergence between the US and Indian stock markets today. Here’s a breakdown of the situation:
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US Markets Down:
- US markets have been on a losing streak for six days in a row.
- The S&P 500, a broad index of US stocks, fell by 0.32%.
- Possible reasons for the decline could be global tensions, economic concerns, or profit-taking by investors.
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GIFT Nifty Up:
- In contrast, the GIFT Nifty, an index representing Indian stocks traded internationally, is experiencing positive movement.
- This could be due to factors specific to the Indian market, such as strong company earnings reports or positive economic data.
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US
It’s important to note that stock markets are complex and influenced by many factors. A negative trend in the US market doesn’t necessarily guarantee a decline in the Indian market, and vice versa.