While analysts are not ruling out a brief rebound as stocks may be oversold after the seven-day losing run – the longest selling spree since mid-June, sentiment remains negative with the Nifty closing below key long-term trend indicators.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.