Overview
- U.S. indexes slipped to open the final week, with the S&P 500 down 0.35%, the Nasdaq off 0.5% and the Dow lower by 0.51%.
- Mega-cap and AI-linked names led the retreat, including Tesla down 3.3%, Nvidia off about 1.2% and Palantir lower by 2.4%, while energy shares rose with oil up roughly 2%.
- Precious metals pulled back from recent highs, with silver down about 8% and gold lower by more than 4%.
- India’s Sensex fell 345.91 points to 84,695.54 and the Nifty closed at 25,942.10, pressured by continued FPI outflows totaling about Rs 1.6 lakh crore this year even as DIIs bought shares.
- Market watchers said the Santa Claus Rally is at risk, with light volumes putting the focus on internal momentum before the release of Fed minutes and weekly jobless claims.