US markets rose on strong tech earnings, especially Nvidia. Oil prices fell amid West Asia diplomacy and Russia-Ukraine tensions. US denies Iran talks…
1/5US Market: Wall Street opened higher on Thursday as strong earnings from Nvidia and other major technology companies lifted sentiment at the start of trade. The Nasdaq Composite gained 0.8%, while the S&P 500 rose 0.4% and the Dow Jones Industrial Average edged up 0.1% in early dealings. Nvidia shares surged 7% after the chipmaker’s results topped analyst forecasts, with the company guiding towards sharply higher revenue growth for fiscal 2028 compared with market expectations. Its second-quarter revenue also more than doubled year-on-year, reinforcing optimism around the artificial intelligence-driven rally in technology stocks.
2/5US Economic data: The Chicago Business Barometer, or Chicago PMI, is expected at 57.6 for August, compared with 58 previously. The University of Michigan Final Consumer Survey is projected at 55.2 for August, against 51 earlier. Federal Reserve Chair Kevin Warsh is also scheduled to speak at the Jackson Hole economic policy symposium at 10:00 AM. The data and remarks are scheduled for release on August 27.
3/5US Iran war: The US said no negotiations are currently underway with Iran, while White House press secretary Karoline Leavitt said “all options remain on the table”. Meanwhile, Qatar and Iran discussed a proposed temporary joint shipping corridor through the Strait of Hormuz, along with a project to clear mines from the waterway. Pakistan said army chief Field Marshal Syed Asim Munir’s talks in Tehran focused on de-escalation, breaking the military deadlock and finding a negotiated solution to the US-Iran conflict.
4/5Oil prices slide: Oil prices extended their decline on Thursday, August 27, as investors weighed diplomatic progress in West Asia against escalating tensions between Russia and Ukraine. Brent crude traded around $87 per barrel, while West Texas Intermediate crude fell 0.7% to $81.67 a barrel, taking its weekly decline to roughly 6%. Prices came under pressure as optimism grew over navigation through the Strait of Hormuz, while the latest US measures offered sanctions relief to some of Iran’s trading partners.
5/5FII selling, DII buying: Foreign institutional investors (FIIs) were net sellers of ₹298.26 crore in Indian equities on Thursday, August 27, according to provisional data. Domestic institutional investors (DIIs), meanwhile, remained net buyers, purchasing equities worth ₹4,977.17 crore. The contrasting fund flows highlighted continued DII support for the domestic market even as foreign investors maintained selling pressure. The figures are provisional and reflect institutional activity during Thursday’s trading session.
