Markets on Monday:
DowJones -0.24%
Nasdaq -0.7%
S&P500 -0.6%
Economic Data released from the Institute for Supply Management reflected stronger-than-expected service sector activity in April, even as company executives reported raising concerns about tariffs.
Treasury Secretary Scott Bessent told CNBC that “we’re very close to some deals
Trumps Tariffs hurt after he authorized relevant government agencies to begin imposing a 100% tariff on films produced abroad! Netflix -2%; Paramount -1%
All eyes on the Fed as two-day policy meeting starts today, decision tomorrow!
Fed funds futures trading points to just a 4.4% chance of a rate cut
Source: CME Group’s FedWatch tool
Other Asset Classes
10-year Treasury yield at 4.35%
Dollar Index at 99.8
Brent Crude at 60.8$/barrel
Bitcoin at 94420$
Gold +2.5% at 3332$/ounce
Reactions in After Hours
Defense Tech Co Palantir Technologies -7% post results
Biotech Co Vertex Pharmaceuticals -2%
Global toy Mattel -2%, Management paused its 2025 full-year guidance due to tariff uncertainty
What to track on Tuesday [06-05-2025]?
a. Economic data U.S. trade deficit for March
b. Earnings DoorDash, Advanced Micro Devices & Super Micro Computer
Indian Post Market Highlights
Indices
• Nifty Midcap and Smallcap snap a 2-session losing streak
Sectoral Highlights
• Nifty Auto is the top sectoral gainer, up ~2%, led by M&M and Exide Industries
• Nifty Energy snaps a 3-session losing streak, driven by gains in Adani Gas and IGL
• Nifty FMCG ends its 3-session losing run, with Marico and Colgate leading the gains
• Nifty Metal also breaks a 3-session losing streak
• Nifty IT advances for second straight session, led by Persistent and Coforge
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