**Global Market Snapshot: Fed Fears & Tech Rout** **US Markets Under Pressure** US equity indices stumbled today as the Dow Jones Industrial Average slipped to **48,892** (-0.36%) and the tech-heavy Nasdaq retreated nearly **1%** to **23,461**. Market sentiment has turned fragile following the nomination of Kevin Warsh as Federal Reserve Chair, triggering anxiety over potentially tighter monetary policy and "higher for longer" interest rates. **Tech Sector & Crypto Sell-Off** The technology sector led the decline, with heavyweights like Nvidia (**-2.8%**) and Microsoft (**-2.9%**) weighing down the broader market. This "risk-off" tone spilled heavily into digital assets. Bitcoin plunged to **$77,324**, its lowest level since April, driven by over **$1.5 billion** in ETF outflows last week and a wave of leveraged liquidations. **Commodities Face Correction** Safe-haven assets were not spared. Gold prices underwent a sharp correction, dropping **1.5%** to trade around **$4,793** per ounce as the dollar strengthened. Energy markets also softened, with WTI Crude Oil falling to **$63.88** per barrel. The drop in oil follows reports of renewed US-Iran diplomatic talks and a strategic agreement where India committed to reducing Russian oil imports. [Image of WTI crude oil price chart] **Trade & Economic Shifts** Geopolitical plates are shifting with the announcement of a new US-India trade pact, seeing US tariffs on Indian goods cut to **18%**. Despite this positive global development, domestic concerns over a potential partial US government shutdown continue to inject volatility into the trading session. No relevant YouTube video found in the search results.