The Global Pulse Weekly Update 03rd Nov'26

Amazon and Alphabet missed expectations, and Intel had its worst day since 1974 after a weak outlook. Investors are now asking when all the money spent on AI will start paying back.

Tech stocks took the hit. The Nasdaq fell 2.0% to 25,437.00 and the S&P 500 slipped 0.6% to 7,580.07. The same worry spread to Chinese chip and AI stocks, and the SSEC fell 2.5% to 3,599.02.

The Fed held rates on Wednesday, but two o–cials voted for a hike, and traders now expect one in December. Gold, which pays nothing to hold, fell 2.5% to $3,897. Bitcoin dropped 5.2% to about $77,000 a€er a $6.3 billion hack at the crypto exchange Binance.

Oil stayed expensive. Tanker attacks near the Strait of Hormuz kept Brent crude above $110 a barrel.

India went the other way. IT and pharma stocks led, and the Nifty 50 rose 2.0% to 23,053.10. The rupee firmed on Friday as the dollar weakened. But with oil above $110, India’s import bill stays high