U.S. equities opened with the Dow posting gains Thursday after weekly jobless claims came in below expectations, signaling continued labor market resilience. The surprise reading gave equity markets a near-term lift, with investors interpreting the data as evidence that consumer spending capacity remains intact despite elevated interest rates. TSMC shares slid, weighing on the semiconductor sector, as investors digested the chipmaker's latest results or guidance against a backdrop of ongoing demand uncertainty in advanced chip manufacturing. The move pressured broader tech indices. Netflix earnings are due after the close, representing the session's most watched catalyst. Investors will scrutinize subscriber additions, average revenue per user, and forward guidance on the company's ad-supported tier, figures that will test whether streaming's ad-revenue pivot is producing durable margin improvement. The jobless claims print and Netflix results together frame a session where macro reassurance and earnings execution are both in focus.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
