Overview

• U.S. indexes set fresh record closes a day after the Fed’s 25-basis-point rate cut, with the Russell 2000 returning to a record for the first time since 2021.
• Intel logged its biggest gain since 1987 after Nvidia said it will invest $5 billion and team up on data-center and PC products.
• Asian trading was uneven, with Japan’s Nikkei slipping after the Bank of Japan left rates unchanged and inflation eased to 2.7% in August.
• Indian benchmarks snapped a three-day advance as the Sensex fell 387 points to 82,626 and the Nifty closed at 25,327 on broad profit-taking in large caps.
• Adani Group stocks jumped as much as 13% after SEBI cleared the conglomerate of Hindenburg’s manipulation claims, and provisional data showed FIIs and DIIs were net buyers on Thursday.