Wall Street banks are on track for record trading revenue, driven by AI investing, dealmaking and active markets rather than crisis conditions. While profits remain strong, analysts caution that crowded AI trades, rising volatility and inflation risks could challenge markets later in 2026.
Wall Street opened lower as investors reassessed the strength of the AI-driven rally, triggering a fresh selloff in chip stocks. Nvidia and Intel declined, while Netflix dropped after a weak forecast. The Nasdaq led losses, reflecting pressure on tech stocks amid rising uncertainty and cautious market sentiment.
Sensex ended 96 points higher on Friday as four BSE 200 stocks—Oracle Financial Services, Adani Energy Solutions, BHEL and Federal Bank—hit fresh 52-week highs. The milestone reflects sustained buying interest, improving investor sentiment and continued bullish momentum in these counters.
Veteran investor Mukul Agrawal increased his holdings in microcap NBFC Laxmi Finance and smallcap textile company Lux Industries during the June quarter of FY27, according to the latest shareholding data. The portfolio changes come as quarterly disclosures continue, with more updates on his investments likely in the coming weeks.
Indian government bonds traded sideways early Friday as traders awaited a significant debt auction. Oil prices remained range-bound, and U.S. Treasury yields offered some market stability. Foreign investors showed increased interest, supporting bond demand and the upcoming auction. Short-term interest rates rose as banking system liquidity tightened. The benchmark bond yield traded rangebound, reflecting current market conditions.
Oil prices climbed Friday as United States and Iran escalated attacks. The Strait of Hormuz oil flow is limited by the broken truce. Iran asked Houthi movement to prepare to close the Red Sea route. United States launched air strikes on Wednesday and continued firing. Oil security remains a critical issue for global markets.
The dollar held steady on Friday, facing a weekly decline after softer U.S. inflation data. Traders reduced bets on imminent Federal Reserve rate hikes following the inflation report. Escalating Middle East attacks spurred safe haven bids for the dollar and boosted oil prices. The euro and sterling were set for weekly gains against the U.S. dollar. Investor attention will focus on a speech from U.S. President Donald Trump.
Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid persistent inflation. Economic data shows a slight increase in U.S. retail sales and falling unemployment claims.
Netflix projected third-quarter revenue and earnings below Wall Street expectations. The company will now release viewing-hours reports annually instead of semi-annually. Netflix is focusing on advertising, live events, and video games for future growth. Its stock experienced a significant decline after the financial forecast was announced. Engagement metrics remain healthy, and the company is exploring new technological advancements.
Brent crude futures gained $1.05, or about 1.25%, to $85.28 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose $1.03, or 1.3%, to $79.98 a barrel. The gains helped both benchmarks recover losses from the previous session. For the week, both oil benchmarks have rallied nearly 12%. Brent is headed for a third straight weekly gain, while WTI is on course for its second consecutive week of advances.
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