US markets explode, all indices hit fresh highs—why should we care?

US markets explode, all indices hit fresh highs—why should we care? S&P 500 up 2.35%, Nasdaq 2.74%, Dow 2.15%, Nikkei 2.87% – a clean 2‑3% rally. This shows investor confidence is back on track, pushing valuations higher. If India follows suit, Nifty could see a lift, but we need to watch liquidity. Risk: a sudden Fed rate hike could snap the rally and hit global markets. Research: Reliance - FY24Q3 earnings guidance