Last Updated:November 07, 2024, 20:59 IST

US Stock Market Today: Check Dow Jones, S&P 500 and Nasdaq Updates Ahead Of Fed Meeting

US Stock Market Today

US Stock Market Update: Stocks edged up slightly on Thursday, reaching record highs after a major rally fueled by Donald Trump’s decisive presidential election victory.

The S&P 500 rose 0.4%, while the Nasdaq Composite climbed 0.9%. The Dow Jones Industrial Average held steady, with all three major indexes reaching intraday highs in the morning.

Now investors are also anticipating the Federal Reserve’s interest rate decision expected later today.

Trump’s win sparked a stock surge, with the blue-chip Dow soaring over 1,500 points. The S&P 500 saw a historic post-election jump, climbing 2.53%.

Indian Stock Market

Snapping its two-day winning run, benchmark Sensex tanked 836 points due to profit-taking in banking and auto shares as investors turned cautious ahead of the US Federal Reserve policy decision and unabated foreign fund outflows.

As the optimism over Donald Trump’s win in the US presidential polls waned, the BSE Sensex dropped by 836.34 points, or 1.04 per cent, to settle at 79,541.79. During the day, it slumped 958.79 points or 1.19 per cent to 79,419.34.

The NSE Nifty declined 284.70 points or 1.16 per cent to finish at 24,199.35.

From the 30-share Sensex pack, Tata Motors, Tech Mahindra, UltraTech Cement, JSW Steel, Sun Pharma, Asian Paints, IndusInd Bank and ICICI Bank were the major losers.

State Bank of India emerged as the only gainer from the pack.

Foreign institutional investors (FIIs) offloaded equities worth Rs 4,445.59 crore on Wednesday, according to exchange data.

The BSE midcap gauge declined 0.67 per cent and smallcap index went lower by 0.44 per cent.

All sectoral indices ended lower. Metal tumbled 2.54 per cent, utilities (1.82 per cent), commodities (1.65 per cent), realty (1.45 per cent), power (1.42 per cent) and auto (1.40 per cent).

A total of 2,134 stocks declined while 1,821 advanced and 98 remained unchanged on the BSE.

In Asian markets, Seoul, Shanghai and Hong Kong settled higher while Tokyo ended lower.

European markets were trading in positive territory. Wall Street ended significantly higher on Wednesday.

Global oil benchmark Brent crude dipped 0.33 per cent to USD 74.67 a barrel.

The BSE benchmark jumped 901.50 points or 1.13 per cent to settle at 80,378.13 on Wednesday.

The Nifty soared 270.75 points or 1.12 per cent to 24,484.05.

(With agency inputs)