US Stocks Recoup Losses as Earnings and Trade News Ease Concerns

All three major U.S. indices retreated from session highs but closed in positive territory. Dow Jones gained 0.31%, S&P 500 gained 0.58% and Nasdaq 100 rose 0.88%, supported by strong earnings and confirmation of the Trump-Chinese president Xi Jinping meeting, which offset concerns about weak tech results and trade tensions.

Energy stocks surged as crude oil spiked over 5% following the Trump administration’s sanctions on Russia’s largest oil producers, Rosneft and Lukoil. The move raised global supply disruption concerns, with India and China signaling reduced Russian imports.

Tesla dropped over 3% on missed profit targets before recovering as analysts highlighted Musk’s AI strategy. IBM fell 6% on slowing software growth, while Intel surged 7% on stronger-than-expected sales. Netflix plunged 10% and Texas Instruments declined 6% after both missed outlooks, weighing on tech early in the session.

Asian stock markets are trading higher, following news of a meeting between US President Donald Trump and Chinese President Xi Jinping, which eased concerns around the trade war.

Coming to Indian Markets, Nifty rose for the sixth consecutive session yesterday and ended the day with a gain of 22 points at 25891. After opening sharply higher, fueled by optimism over a potential India-US trade agreement, Nifty maintained its strength in the first half of the session. However, in the second half, Nifty reversed its trend and witnessed a sharp fall of more than two hundred points to end the session near the day’s low.

Despite the sharp intraday fall from the day’s high, Nifty is still in a positional uptrend as it is placed above all key moving averages. Support for the Nifty is seen at 25740, where the 5 DEMA is placed. On the upside, 26100 will act as the immediate resistance.

Indian Markets Are Expected To Open Slightly Higher Today, Driven by Positive Global Cues.

Source: HDFC Securities Prime Daily, 24 Oct 2025

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