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Informist, Friday, Apr. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkts end muted Thu; investors await clarity on W Asia war

 

MUMBAI--0750 IST--Trade on Wall Street was muted on Thursday as market participants were cautious about how the war in West Asia would take shape going forward. Israel's Prime Minister Benjamin Nentanyahu said he will negotiate with Iran as soon as possible. Major indices on the Wall Street ended with marginal gains.  

 

"We do not want – I do not want – NATO to split. NATO is a guarantor of our security, including and above all in Europe," German Chancellor Friedrich Merz said, emphasising the need to reopen the Strait of Hormuz. He said the truce between the US and Iran is "fragile" and that Germany will resume direct talks with Tehran. Meanwhile, Brent Crude oil futures remained below the $100 per barrel mark. 

 

Macroeconomic data released Thursday also likely dampened sentiment. The advance estimate of US fourth quarter GDP was revised lower to 0.5%. This is significantly lower than the 4.4% recorded in the September quarter. "February prices were in line but income was weak and GDP was revised down again. That means stagflation was a little worse than expected even before the Iran war started," David Russell, the global head of market strategy at TradeStation told CNBC.  

 

Meanwhile, the US Federal Reserve's preferred inflation gauge, annual core personal consumption expenditure, which excludes volatile food and energy prices, remained sticky at 3% in February. The figure was in line with what economists had estimated. On an on-month basis, core inflation rose 0.4%, meeting expectations. Markets will keenly watch out for retail inflation data due Friday for a more comprehensive understanding of the impact of the US-Iran war on the US economy. 

 

Following are the closing levels of US indices Thursday:

 

Index	Level	Change in %
S&P 500	6824.66	0.62
NASDAQ Composite	22822.417	0.83
Dow Jones Industrial Average	48185.80	0.58

 

(Ruchira Kagita)

 

US$1 = INR 92.65

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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