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Informist, Monday, Apr. 27, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Winning week for NASDAQ, S&P 50; hopes of peace in W Asia aid

 

MUMBAI--0735 IST—Barring the Dow Jones Industrial Average, the NASDAQ Composite and the S&P 500 posted gains for the fourth consecutive week Friday. Market participants' concerns about the war in West Asia prolonging for long were alleviated slightly as the US President Donald Trump extended the ceasefire with Iran, and declared the extension of the truce between Israel and Lebanon.

 

However, US futures ticked slightly downwards after Trump cancelled US representatives' trip to Pakistan to discuss the contours of a concrete peace deal with Iran. "Too much time wasted on traveling, too much work! Besides which, there is tremendous infighting and confusion within their ‘leadership,'" Trump said in a post on social media. "Nobody knows who is in charge, including them. Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!!," Trump added. At 0723 IST, the E-Mini Dow Futures were down 0.1-0.2%. Brent crude oil futures jumped to $107 per barrel, up almost 2%.

 

Meanwhile on Friday, the S&P 500 and the NASDAQ hit fresh highs intraday. The S&P 500 rose almost 1% to a high of 7168.590 points and the technology-heavy NASDAQ climbed 1.7% to a record high of 24854.04 points. The blue-chip Dow Jones, however, fell on the last trading session of the week.

 

Five of the magnificent seven stocks are set to report their earnings for the quarter ended March. Microsoft, Alphabet, Amazon, Meta Platforms, and Apple will be releasing their earnings. "These companies have a lot to prove, and for their stock prices to move higher, they're really going to have to wow investors on the earnings front," Anthony Saglimbene, chief market strategist at Ameriprise, told Reuters. The Federal Open Market Committee decision on interest rates is due Wednesday and the committee is expected to maintain status quo. This could also be the current chair Jerome Powell's final meeting before he retires in May. Investors will keep an eye out for the Federal Reserve's commentary. 

 

Following are the closing levels of US indices on Friday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	49230.71	(-)0.16
NASDAQ Composite	24836.5999	1.63
S&P 500	7165.08	0.80

 

(Ruchira Kagita)

 

US$1 = INR 94.24

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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