![]() The market still see inflation set to grind lower, but the process is likely to be bumpy and take time. Home Depot, Eli Lilly, Alphabet and Amazon were the top looser in the index. Nvidia, Meta and Tesla were top contributors. The Information Technology, Materials and Information Technology were top performing sectors whereas healthcare, energy and communication services sectors were laggards. S&P 500 Top 50 Index, in INR terms, closed down by 0.3% in which appreciation of dollar against the rupees aided some of the return from the index. ![]() US stocks tumble as Fed’s Powell warns rates could remain higher for longer
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