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Tech Shares Lift Wall Street Off Three-Day Slide
By HDFC SKY | Last Updated: Sep 3, 2026
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U.S. equities ended a three‑day losing streak as easing long‑dated Treasury yields and strong tech gains supported sentiment. The Dow rallied nearly 300 points, while the S&P 500 and Nasdaq each rose ~0.5%. Crude oil stayed volatile near $95, reflecting continued U.S. & Iran tensions. Bitcoin and Ethereum slipped as risk‑off conditions and hawkish Fed expectations persisted, with markets now pricing a ~65% chance of a September hike.
In India, massive FCNR(B) inflows boosted liquidity and supported sentiment, while JCR’s A‑ rating upgrade offered an additional tailwind. Nifty fell to 23,914, but a late recovery limited losses. Immediate resistance: 24,200; key support: 23,800 → 23,600.
Indian equities are set for a moderately higher open aided by stable crude, currency strength, and constructive global cues.
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