U.S. Markets: Rebound After Holiday
U.S. exchanges were closed on Monday for Memorial Day, but futures surged in Tuesday’s premarket session:
- Dow Jones Futures: Up 526 points (+1.26%)
- S&P 500 Futures: Up 85.75 points (+1.47%)
- Nasdaq 100 Futures: Up 346.25 points (+1.65%)
Major technology stocks led the rally:
- Apple: +1.9%
- Alphabet (Google): +2.3%
- Tesla: +2.5%
- Nvidia: +2.8% (ahead of earnings)
- Trump Media & Technology Group: +10% (on crypto investment news)
Asian Markets: Mixed Performance
Asia-Pacific markets were more reserved in their response:
- GIFT Nifty: 25,020, down 0.06%
- Nikkei 225 (Japan): 37,440.32, down 0.24%
- Hang Seng Futures (Hong Kong): 23,211.0, up 0.46%
Investor sentiment in the region was dampened by geopolitical concerns and the wait for key global economic data.
Indian Markets: Profit Booking Continues
Indian indices slipped during Tuesday’s session:
- Sensex: Ended 625 points lower
- Nifty 50: Closed below 24,850
The decline was driven by weak global cues and profit booking after a strong rally. Domestic investors are also awaiting upcoming macroeconomic releases and RBI-related policy developments.
Commodities Market Update
Commodities saw modest pullbacks as risk appetite improved:
- Gold: $3,297.10, down 1.98%
- Silver: $33.23, down 0.63%
- WTI Crude Oil: $61.19, down 0.55%
- Brent Crude Oil: $64.46, down 0.43%
Gold prices declined as safe-haven demand eased in response to reduced trade tension.
Key Observations
- The delay in U.S.-EU tariffs removed a major overhang from global markets, prompting a surge in U.S. stock futures.
- Asian markets were mixed, signaling ongoing caution.
- Commodities reflected a shift away from defensive positioning.
- Indian equities experienced a corrective move amid global and local uncertainties.
Looking Ahead
Investors are now focused on upcoming economic indicators, including:
- U.S. GDP updates and FOMC minutes
- India’s industrial production data
- Continued developments in global trade negotiations
For continued market coverage, follow reliable financial news sources such as Bloomberg, Reuters, and S&P Global.
This market summary is for informational purposes only and does not constitute investment advice.
The rebound in U.S. tech stocks is definitely interesting, but I’m curious whether this trend will last, especially with some uncertainty in the broader market. With geopolitical concerns affecting Asia and profit-taking in India, global markets still seem to have a lot of mixed signals.
The strong bounce in U.S. futures post-holiday seems closely tied to both tech momentum and the resolution of tariff tensions—curious to see how sustainable this rally is with Nvidia’s earnings on deck. The divergence with Asia’s more cautious tone is also telling, especially with macro data still looming.