Ahead of Market: 10 things that will decide stock market action on ThursdayWall Street's major indexes extended declines on Wednesday, as technology stocks remained under pressure and renewed tensions between the United States and Iran overshadowed a tame inflation reading. Volatility has picked up across stock markets in recent days, as investors contend with a widening array of risks, including high valuations in the tech sector, escalating Middle East tensions and expectations that the Federal Reserve may need to hike interest rates to curb inflation. The CBOE Volatility Index rose 1.84 points to 21.73, after hitting its highest level since April 7 in the previous session. U.S. consumer prices increased 4.2% in the 12 months through May, the largest gain since April 2023, data showed, as the Middle East conflict raised the price of gasoline and other energy products.
Indian equities lost momentum after a positive start, with Nifty closing lower and broader markets declining sharply. Investor caution ahead of US inflation data, profit booking and geopolitical concerns weighed on sentiment, while FMCG and private banking stocks offered some support. Wall Street's major indexes extended declines on Wednesday, as technology stocks remained under pressure and renewed tensions between the United States and Iran overshadowed a tame inflation reading. Volatility has picked up across stock markets in recent days...
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