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Indian markets experienced heavy selling pressure due to modest GDP and corporate earnings estimates. Only four smallcap stocks posted double digit weekly returns, while 176 fell significantly. Foreign investors sold nearly $2 billion, and rising US bond yields impacted sentiment. Key earnings and macro data, including India's CPI release, will guide market direction.
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News and Media
A Labor Department report showed job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a strong note.
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News and Media
President Joe Biden will give a farewell address from the Oval Office on Wednesday, before President-elect Donald Trump takes office. He will reflect on his public service and discuss the future as the country's leader. Biden had stepped aside during the presidential race, hoping to unify the Democratic Party, but was confident Kamala Harris could win.
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News and Media
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