US Markets Update

US Markets Update Major indexes fell after a hotter-than-expected jobs report pushed Treasury yields higher. Reports indicate the Nasdaq led declines, with a sharp selloff in semiconductors weighing on tech-heavy benchmarks Sectors: Defensive sectors outperformed on the week; energy caught a bid as oil rebounded. Equal-weighted indexes and the Dow finished the week down less than 1%, while the S&P 500 slipped. Rates: U.S. Treasury yields jumped notably following the strong payrolls print, tightening financial conditions into the close. It is now expected that we may see a rate hike in coming days in US and this is the reason why US Markets fell heavily on Friday. Here in India rate sensitive stocks will be on radar - $ICICIBANK Gift Nifty is also down by say 350 points. For the Nifty we may breach key support levels/recent lows on Monday as per Gift nifty. Close below 23200 on nifty can trigger big sell on Nifty. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24