Tech stocks drove the market higher on Thursday, with the S&P 500 up 0.5% and the Dow Jones Industrial Average climbing 0.3%, as investors digested the fresh all‑time intraday high on the Nasdaq.
The Flash Manufacturing PMI for September is set to release at 9:45 AM, with analysts pricing it at 53.5 compared to the 53.2 reading from the previous month. The Flash Services PMI follows at the same hour, projected at 55.7, down from 56.8, suggesting a slowdown in the service sector.
Brent crude fell sharply on Tuesday, slipping below $98 a barrel before rebounding slightly as diplomatic talks between the US and Iran eased the geopolitical risk premium. The energy sector’s volatility sent oil‑heavy stocks lower, but the broader tech rally kept momentum intact.
Foreign institutional investors were net sellers of ₹3,809.99 crore in equities on a provisional basis, while domestic institutional investors net‑bought ₹4,120.07 crore, underscoring a split between foreign and local sentiment.
Looking ahead, traders are poised for Federal Reserve Governor Michael Barr’s 10:05 AM speech, which could shape expectations for future policy tightening. The market will also weigh the upcoming sectoral earnings and the next quarterly guidance from major tech names.