Accenture reported fiscal fourth-quarter revenue of $18.7 billion, up 6% year on year, beating estimates of $18.04 billion, and issued an upbeat fiscal 2027 outlook that sent its shares up about 22%. The stronger sentiment lifted IT services stocks broadly, with Cognizant up 11.8%, IBM up 6.06% and Salesforce up 3.85%. Indian IT ADRs also advanced, with Infosys up 9% and Wipro up 10%.

Semiconductor shares rebounded in premarket trading on September 29 after leading the previous session’s Wall Street decline, with Micron up 1.57% to $1,070.5. SK Hynix, SanDisk, AMD, Nvidia and Intel also traded higher. Sentiment improved after AMD said it would acquire AI startup World Labs for $8.2 billion, reviving optimism around chips and artificial intelligence.

Anthropic said in its IPO prospectus that it posted a $42 billion net loss in 2025, including about $34 billion tied to accounting charges related to convertible financing. Revenue rose 12-fold to nearly $4.6 billion, while operating losses excluding liability writedowns widened to $8.06 billion. The company said it plans to invest as much as $518 billion in cloud computing and infrastructure over the coming years and is targeting an IPO valuation of more than $2 trillion.

Major US stock indexes moved sharply lower intraday, with the Nasdaq Composite down 1.2%, the Dow Jones Industrial Average off more than 350 points and the S&P 500 down 0.9%. Brent crude rose more than 2% to $106.79 a barrel and WTI hovered around $94.40, adding to inflation worries. The benchmark 10-year Treasury yield broke above 5.2% and the 30-year yield rose above 5.5%, both at multiyear highs. Big tech stocks were under pressure, with AMD down about 3% and Micron, Microsoft and Meta also falling.

MCX gold futures slid sharply on Monday, with the October contract down 1.92% at Rs 1,47,989 per 10 grams, breaking below the Rs 1,50,000 level. Spot gold fell more than 2% in a day, marking its biggest one-day decline since Sept. 1. The move came as higher oil prices and expectations of further US Federal Reserve rate hikes weighed on demand for non-yielding assets.

U.S. stocks opened higher on Friday, with the Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 all in the green. Oil prices retreated on news that the U.S. and Iran were discussing a phased approach to reopening the Strait of Hormuz, with Brent crude sliding toward $106 a barrel and West Texas Intermediate falling below $94. The move in crude helped ease market worries about supply disruptions.

U.S. stock index futures climbed premarket, with Nasdaq 100 futures up 0.56% and S&P 500 futures gaining 0.28%. Oil prices pulled back from recent highs after reports said the U.S. and Iran were exploring a phased reopening of the Strait of Hormuz, easing inflation concerns. Asian markets were mixed, with Japan’s Nikkei 225 up 1.3% while Australia’s S&P/ASX 200 fell 0.43% and Hong Kong’s Hang Seng slid 1.21% late in the session. The U.S. 10-year Treasury yield rose to 5.225%, its highest since 2007, and markets priced roughly a 68% chance of an October rate hike.

Russia has started importing at least 60,000 metric tonnes of gasoline from India by sea after Ukrainian drone attacks on refineries tightened domestic supply, and it plans monthly imports of around 400,000 tonnes. Parliament has approved import subsidies tied to Indian delivery costs and fuel prices, improving the economics of buying fuel from India. India’s Russian crude imports rose to about 2.70 million barrels per day in June, accounting for more than half of its total oil imports.

Aluminum fell to its lowest level since Feb. 19, with London Metal Exchange prices touching $3,060 a ton. Copper dropped 0.9% to $13,254, while silver also came under pressure as the dollar strengthened. The dollar index has risen 2.5% over the past two months on a more hawkish Federal Reserve stance. Easing Middle East tensions and a shift by some Chinese investors from commodities into equities added to the downside pressure on industrial metals.