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Wall Street Rally and Falling Crude Point to Positive Market Start
M
Moneycontrol•06-10-2026, 08:37
Wall Street Rally and Falling Crude Point to Positive Market Start
- •Wall Street closed higher with the Dow gaining 0.2%, S&P 500 rising 0.7%, and Nasdaq advancing 1% driven by strong AI momentum.
- •Treasury yields stayed elevated with the 10-year yield crossing 5.3% intraday and the 30-year yield reaching 5.7%.
- •Brent crude prices fell to around $100 a barrel amid increased oil exports from the Middle East.
- •Indian equities are poised for a positive start as indicated by Gift Nifty, following a breakout from a four-day losing streak.
- •Domestic Institutional Investors were net buyers of ₹5,181.62 crore while Foreign Institutional Investors net sold ₹4,699.14 crore.
Key Questions Answered
Wall Street finished with another green close, featuring a 0.2% gain for the Dow, a 0.7% rise for the S&P 500, and a 1% advance for the Nasdaq.
The AI trade remained strong, with notable companies like SpaceX, Meta, Microsoft, and Nvidia posting gains between 2% and 7%.
Domestic Institutional Investors (DIIs) acted as net buyers totaling ₹5,181.62 crore, while Foreign Institutional Investors (FIIs) were net sellers amounting to ₹4,699.14 crore in the cash market.
