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Informist, Thursday, Apr. 16, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end mixed Wed; NASDAQ, S&P 500 hit new highs

 

MUMBAI--0726 IST--The US benchmark indices ended mixed Wednesday. The NASDAQ Composite index and the S&P 500 rose to all-time-highs, while the Dow Jones Industrial Average closed in the red. Market participants cheered the prospects of a fresh round of peace talks between the US and Iran. US President Donald Trump has said Iran is eager to strike a deal and that the war is "very close" to being over. Brent Crude Oil futures were largely unchanged since the week started at around $95 per barrel.

 

The NASDAQ Composite ended in the green for the eleventh consecutive day and the S&P 500 closed higher for the third straight session. The blue-chip Dow Jones Industrial Average was dragged down by heavyweight Caterpillar Inc., which fell 3%. "We're basically back to where we were in late February in terms of the sentiment indicators and the valuation," Tim Hayes, chief global investment strategist at Ned Davis Research, told CNBC.

 

Earnings-driven momentum was also seen on Wall Street. Bank of America, the country's second-largest lender, beat analysts' forecast on earnings for the quarter ended March. The lender's revenue grew 7% on year to $30.3 billion during Jan-Mar, and earnings per share rose 25% on year to $1.11. The stock closed almost 2% higher. Another banking major, Morgan Stanley, reported its earnings for the period. The bank's net revenue climbed 15% on year to $20.6 billion, and it saw record revenues from its equities, institutional, and wealth management businesses. Its shares ended around 4.5% higher.

 

In other news, Trump once again lashed out against Federal Reserve Chair Jerome Powell. "I'll have to fire him, OK, if he's not leaving on time," Trump said IN an interview with Fox Business, according to a report by The Guardian. Powell is set to retire on May 15, and the White House has been pushing for Kevin Warsh to replace Powell.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	7022.95	0.80
NASDAQ Composite	24016.017	1.59
Dow Jones Industrial Average	48463.72	(-)0.15

 

(Ruchira Kagita)

 

US$1 = INR 93.37

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

 

Edited by Ashish Shirke

 

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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