**Global Market Brief: Wednesday, February 4, 2026** **US & Global Equities: Tech Pullback** US markets faced selling pressure as investors rotated out of major tech stocks. The **S&P 500** declined **0.84%** to **6,917**, while the **Nasdaq** dropped **1.43%** to **23,255**. Heavyweights like Nvidia (**-2.8%**) and Microsoft (**-2.9%**) dragged the indices lower amid valuation concerns. In contrast, **Palantir** surged **6.8%** following strong earnings and an optimistic revenue forecast. European markets closed slightly higher, showing resilience despite the US tech slump. **Indian Markets: Historic Rally** Indian indices are riding high following the announcement of a landmark **US-India trade deal**. The **Sensex** and **Nifty 50** soared approximately **2.5%** yesterday, with the Sensex closing at **83,739** and Nifty at **25,727**. Sectors linked to exports—textiles, gems, and pharmaceuticals—saw sharp gains as the US agreed to reduce reciprocal tariffs to **18%**. Investor sentiment remains buoyant, supported by expectations of renewed foreign inflows. **Commodities: Gold & Oil Surge** Safe-haven assets staged a massive comeback. **Gold** prices jumped **6.1%** to **$4,935** per ounce, recovering from last week’s sell-off. **Silver** outperformed, rallying over **8%**. **Oil prices** are climbing again, with **Brent Crude** rising **1%** to **$68.03** per barrel. Tensions escalated after the US military shot down an Iranian drone near the Abraham Lincoln carrier, reigniting geopolitical risk premiums in the energy market. **Crypto: Bitcoin Under Pressure** The crypto market remains in a bearish trend. **Bitcoin** slipped below **$75,000**, marking its lowest level since April 2025. The sell-off is driven by fading momentum and significant capital outflows from spot ETFs, with **Ethereum** also facing downward pressure below key support levels.