Indian stock markets experienced a significant surge, with the Nifty and Sensex jumping by 1.8% and 2% respectively, marking their best week in over three years. This rally, fueled by renewed foreign investment and reduced bearish sentiment, erased year-to-date losses. While Asian markets largely followed suit, US markets showed mixed performance amid concerns over Federal Reserve policy.
US stocks: Nasdaq, S&P end lower in volatile session as tech stocks retreat
Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel