US Stock Market: Economic resilience collides with expensive valuations on Wall Street

The US economy is showing resilience with strong job growth and consumer spending, but Wall Street is struggling due to expensive valuations, particularly in the AI sector where tech giants are relying more on debt for expansion. Chipmakers are surging while the Magnificent Seven face headwinds, creating volatility despite positive economic fundamentals. This mixed signal from US markets may influence Indian indices, especially tech and IT heavyweights tracking global cues.