Waller's Dovish Tone Sparks Wall Street Rally

U.S. equities staged a sharp rebound, breaking multi‑day losing streaks as dovish remarks from Fed Governor Christopher Waller lifted sentiment. The Dow rallied 620+ points, while the S&P 500 and Nasdaq gained over 1%, supported by retreating long‑bond yields and strong AI‑linked corporate earnings from Dell, Snowflake, Meta, Alphabet, Microsoft and Nvidia. Softer rate‑hike expectations pushed the 10‑year yield back toward 4.76%.

Across Asia, the KOSPI and Nikkei followed Wall Street higher. In India, the rupee surged 49 paise to 94.48 on massive FCNR(B) inflows. Nifty fell to 23,873, with 24,000–24,200 now a key supply zone; 23,800 remains critical support, below which 23,600 opens up.