46Wall Street Hits Record Highs  Nvidia’s 100B AI Push  Oil Prices Ease Amid Oversupply Worries - ET NOW (720p, h264, youtube) - video Dailymotion

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00:00Hi there, very good morning. You're watching Market Cafe right here on UTNow. I'm Kanishka

00:10Sarkar and with me is Ankita Saksena. Well, over the next one hour, we'll take you to all the

00:15domestic and global cues that you need to watch out for and also tell you about the

00:19stocks that you need to keep on your radar today. Well then, let's get started with an

00:23eye on the globe first. Now, let's take a look at how the US markets fared overnight.

00:27And the Wall Street, yet again, another record high. The major indices closed at fresh record

00:33highs overnight with all of them, all the three major indexes extending games. The Dow first

00:40up ended about 0.14% higher. On the other hand, S&P 500, that rose 4% to that 6,693 level. That

00:51makes its third straight winning session. Whereas the tech-heavy Nasdaq index, that jumped 7% to

00:57that 22,789-odd level. Now, momentum picked up after Nvidia surged nearly 4% announcing a

01:06$100 billion investment in OpenAI to build data centers that's reigniting the AI trade. But

01:12now, questions remain on whether lofty valuations can sustain the rally. Looking ahead, investors

01:18await Friday's release of the Fed's preferred inflation gauge that the PCE index will further

01:23fall in policy cues. Meanwhile, there's political risk that's back in focus with the September

01:2930th deadline for government funding that's looming and fears of a potential shutdown weighing on

01:34the sentiment. So, that's about the US market record high levels overnight. But lots of cues

01:39as well to watch out for. But moving on, Ankita, how are things on the truth side?

01:43Absolutely, Kanishka. We did see another day of record high as far as the US market is concerned.

01:49But oil prices are inched lower. Now, prices settled marginally lower on Monday as concerns

01:54of an oversupply outweigh the geopolitical tensions in Russia and the Middle East. Now, as far as

02:00Brent crude is concerned, the futures settled 11 cents or two-tenths of a percent lower to

02:04settle in at $66.57 a barrel. And the global benchmark has now traded between $65.50 and $69

02:11since early August. WTI, a contract for October expiring on Monday closed down at $62.64 a barrel,

02:20down 4 cents or one-tenths of a percent. Now, the more actively traded second-month contract

02:25was down 12 cents or two-tenths of a percent at $62.28. Now, traders are back to focusing on

02:32possibly over-supplied global oil market that is soon to come unless the US and the European

02:38Union can agree on harsher tariffs on countries that purchase crude oil. And on the back of

02:43that, we do have oil that has settled in lower.

02:51Alright, so that's about oil and the US markets, how they fared overnight. But moving on, let's

02:56get you some top global stories that we are tracking at this hour. Now, first up, days after

03:00the Trump administration, hide H-1D visa fees to one-to-one-to-one-to-one-to-one-to-one-to-one-to-one-to-one-to-one-to-one-to-one-to-one.

46Wall Street Hits Record Highs Nvidia’s 100B AI Push Oil Prices Ease Amid Oversupply Worries - ET NOW (720p, h264, youtube)

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