US equity markets ended in red on Friday; Nasdaq falls by 3% in the week

US equity markets ended the day in red on Friday, 7^th November. This, as fears regarding valuation bubble in AI stocks continued. Nasdaq fell by around 3% this week. Concerns about continued government shutdown and its impact on the economy also dragged US stocks lower.

US Consumer sentiment in November falls to lowest level in 3 years

US Consumer sentiment for November came down to 50.3 from 53.6 in October. This is the lowest level of consumer sentiment since July 2022. A decline in consumer sentiment means that US consumers have become less optimistic about the state of the economy. When consumers become less optimistic about the state of the economy they tend to spend less.

European markets also fell

European markets also fell yesterday. Euro Stoxx 50 ended the day, yesterday, down by 44.65 points or 0.80%. Dax ended the day, down by 164.06 points or 0.69%. FTSE 100 ended the day, down by 53.21 points or 0.55%. Shanghai composite ended the day, down by 10.20 points or 0.25%.

Asian markets also declined

Asian markets also ended the day in red yesterday. Japanese markets also fell as AI stocks came under selling pressure. Nikkei 225 ended the day, down by 607.31 points or 1.19%. South Korean Kospi ended the day, down by 72.69 points or 1.81%. Hang Seng ended the day, down by 244.07 points or 0.92%.

Indian equity markets likely to see a mixed next week

Indian equity markets are likely to see a mixed week next week. Bihar Election results will come on Friday , 14^th November. It may have some impact on the course of Indian markets on that day if some surprise outcome is thrown.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: Dow Jones