Wall Street Ride Inflation Relief to Third Straight Weekly Gain

Global equities hovered near record highs last week, supported by cooler U.S. inflation data and strong Q2 earnings, even as weaker retail sales and sentiment triggered late‑week profit‑taking. The S&P 500 gained 0.4% and the Nasdaq edged up 0.1%, while the Dow slipped 0.6%. Oil rose on persistent Strait of Hormuz tensions.

In India, the Nifty ended the week down 0.8% at 24,366, pressured by higher crude and global risk aversion despite steady DII inflows and supportive RBI commentary. Key resistance lies at 24,600–24,770, with support near 24,200.