Strong Corporate Earnings and Drop in Crude Oil Prices Drive Wall Street to Record Highs

Wall Street surged to fresh record highs as easing crude prices and strong corporate earnings lifted sentiment. Brent fell 4% after the U.S. signalled a pause in operations around the Strait of Hormuz, shifting focus back to robust tech results.

Chipmakers and mega‑cap tech drove gains, while U.S. yields inched higher on persistent inflation concerns. Asian markets opened strong, tracking U.S. momentum. The rupee weakened to a new record low amid elevated crude and geopolitical risks. Nifty slipped 86 points but remains range‑bound near 24,180, with Indian markets likely to open higher on global cues.

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