**Global Market Snapshot: February 4, 2026** **US & Tech Sector Pressure** use markets faced significant headwinds on Tuesday, driven by a sharp rotation out of the technology sector. The **Nasdaq Composite** declined **1.43%** to close at **23,255**, while the **S&P 500** fell **0.84%** to **6,917**. Heavyweights like **Nvidia** and **Microsoft** dropped nearly **3%** each, weighed down by concerns over intensifying AI competition and high valuations. The **Dow Jones Industrial Average** saw a modest decline of **0.34%**, settling at **49,240**. **India Rallies on Trade Deal** In stark contrast to global weakness, Indian equities surged following the announcement of a historic US-India trade agreement. The deal, which reduces US tariffs on Indian goods from **50%** to **18%**, propelled the **Sensex** up by **2,072 points** (+2.54%) to a record close of **83,739**. The **Nifty 50** mirrored these gains, rising **2.55%** to settle at **25,727**. **Commodities & Geopolitics** Gold prices remain robust, trading around **$4,945** per ounce after briefly breaching the **$5,000** mark earlier in the week. Oil prices advanced as geopolitical tensions in the Middle East escalated; **Brent Crude** rose **1.55%** to **$67.33** per barrel, while **WTI Crude** gained **1.04%** to trade at **$63.87**. **Policy & Crypto** Market participants are adjusting to the nomination of **Kevin Warsh** as the next Federal Reserve Chair. The central bank recently held interest rates steady in the **3.50%–3.75%** range. In the digital asset space, **Bitcoin** remained under pressure, dipping to **$72,877**—its lowest level since late 2024—before staging a mild recovery to **$75,800**.