US Markets Fall, Global Impact on India

US stocks plunged Friday as job growth slowed to 73,000 (revised down), unemployment rose to 4.2%, and President Trump imposed new tariffs—raising rates on Canada, Switzerland, and New Zealand, and threatening transshipment penalties. Amazon dropped 8.3% on weak earnings, dragging tech stocks. The S&P 500 fell 1.6%, Nasdaq 2%, and the VIX surged above 20. Hedge funds dumped equities for four weeks straight, signaling bearish sentiment. The “Magnificent Seven” rally looks stretched. Impact on India: @ Risk-off mood may pressure equity markets, especially IT and export sectors. @ FII flows could slow amid global volatility. @ Rupee may face pressure; bond yields could rise. @ Commodity prices and supply chains remain vulnerable. @ India’s strong domestic demand offers resilience, but global trade tensions pose headwinds. Watch US policy and Fed signals closely.