New Delhi: India has secured the best trade deal with the US compared to its competing nations, and the two countries share a “very powerful” relationship, commerce and industry minister Piyush Goyal said Saturday. India, he said, is building a worldwide web of trade partnerships.

Stressing that the $30 trillion US economy is the world’s largest and one that can’t be ignored, Goyal said, “It has been a fantastic journey.”

“We have the best of relations. You would have observed that through the last year, President Donald Trump has always had the best of things to say about India as a country, and about Prime Minister (Narendra) Modi. We have fantastic relations with our counterparts there,” he said.

Addressing the Raisina Dialogue 2026, Goyal also said that “ultimately, a trade deal is about preference over your competition”.

“Even within your family, sometimes you can have one or two misunderstandings,” he said. “It’s a part of the course. I think it’s a very, very powerful relationship that the US and India share. And we got the best deal amongst all the nations with whom we compete,” said Goyal when asked about India’s trade ties with the US.

He added that both countries are strategic partners and the largest democracies in the world.
“We have a large responsibility cast on both our nations,” said Goyal. “They are the world’s largest economy, $30 trillion economy, nobody can wish them away,” he said, adding that ultimately a trade deal is about preference over competitors. Insisting that India got the “best deal amongst all of the competitors” in the Asian region, Goyal said, “What’s a trade deal? You are trying to get a preference or a preferential access for yourself, your goods, your services, compared to your competitor.

STAVANGER, Norway — Equinor ASA (NYSE: EQNR, OSE: EQNR) shares reached new 52-week highs in early March 2026, climbing above $33 on the New York Stock Exchange amid a sharp rally in global oil prices and positive company developments. The Norwegian energy giant, a major player in offshore oil and gas with growing renewables exposure, has benefited from supportive commodity markets while advancing shareholder returns through an active share buyback program and a robust dividend policy.

As of March 6, 2026, EQNR closed at approximately $33.59, up more than 5% in a single session and marking a fresh peak for the year. The stock has surged roughly 50% over the past 12 months, driven by elevated crude prices hovering near multi-year highs and Equinor’s operational momentum. On the Oslo Stock Exchange, shares traded around NOK 316.70, reflecting similar strength.

The rally aligns with broader energy sector gains, as oil benchmarks climb above $90 per barrel in response to geopolitical tensions and demand resilience. Equinor’s upstream portfolio—centered on the Norwegian Continental Shelf—positions it well to capitalize on these conditions, with recent discoveries adding to production potential.

A key catalyst came on March 2, 2026, when Equinor announced a commercial oil discovery in the Snorre area of the North Sea. The find, made with partners, supports rapid development plans and tie-back to existing infrastructure, promising quick value creation with minimal additional capital. This bolsters Equinor’s near-term production outlook and underscores its expertise in mature fields.

Financially, Equinor continues executing its capital return strategy. The company initiated a $1.5 billion share buyback program for 2026, structured in tranches. The first tranche, running through late March, has seen steady repurchases. From February 23-27, Equinor bought back 607,850 shares at an average NOK 278.44, lifting the tranche total to over 2 million shares acquired for approximately NOK 546 million. Including prior activity, treasury holdings have increased modestly, signaling confidence in the stock’s value despite market volatility.

Notifiable trading disclosures in early March highlighted minor insider-related sales: a close associate of executive vice president Siv Helen Rygh Torstensen sold 2,000 shares on March 2 at NOK 301.30, and another associate of board member Hilde Møllerstad sold 241 shares on March 4 at NOK 299. These routine transactions, required under EU Market Abuse Regulation, drew attention but reflect personal rather than corporate signals.

Equinor’s latest full-year results, released February 4, 2026, for 2025 showed solid performance. Adjusted earnings reflected resilience in a fluctuating price environment, with upstream strength offsetting softer refining margins. The board proposed a fourth-quarter cash dividend of $0.39 per share (up from $0.37 prior), payable in May 2026, maintaining an attractive annualized yield around 4.9%. This follows consistent quarterly payouts, with the company aiming to grow dividends in line with underlying earnings.

Analysts maintain a mixed but cautious outlook. Consensus from 17 firms rates EQNR a “Reduce” or “Hold,” with an average 12-month price target around $24.71—implying downside from current levels. Some forecasts see limited upside if oil prices moderate, with one analyst downgrading to Hold in early March, citing valuation implying $80/bbl crude—above base-case assumptions. Others highlight the stock’s appeal for income investors, given the well-covered dividend and AA credit rating.

Equinor balances traditional energy with renewables. The company advances offshore wind projects in the U.S. and Europe while optimizing oil and gas assets. Capital expenditure guidance for 2026-2027 was reduced by $4 billion organically, supporting free cash flow and returns. Production guidance remains stable, with focus on high-return opportunities like the North Sea.

Risks persist: energy transition pressures, regulatory changes in Norway and Europe, and oil price sensitivity. Yet Equinor’s integrated model—upstream dominance, midstream stability and growing low-carbon ventures—provides diversification.

Investor sentiment remains positive in the near term, buoyed by buybacks, dividends and exploration success. As Equinor navigates 2026’s volatile markets, its ability to deliver shareholder value while advancing sustainability goals will define performance. With shares at multi-year highs, the energy major continues attracting attention from income-focused and value investors alike.

The Dow Jones Industrial Average closed lower Friday, shedding more than 450 points amid a sharp spike in oil prices and disappointing February jobs data that heightened concerns over economic slowdown and persistent inflation pressures.

The blue-chip index ended the session at 47,501.55, down 453.19 points or 0.95%, after dipping as low as 47,009.01 intraday — a retreat of nearly 950 points from the previous close. The broader S&P 500 fell 90.69 points, or 1.33%, to 6,740.02, while the tech-heavy Nasdaq Composite dropped 361.31 points, or 1.59%, to 22,387.68. All three major averages posted weekly losses, with the Dow recording its worst weekly performance in nearly a year.

Trading volume reached approximately 545 million shares on the New York Stock Exchange, reflecting heightened volatility as investors digested fresh economic signals and geopolitical tensions contributing to energy market swings.

The sell-off accelerated after the U.S. Labor Department reported an unexpected drop in nonfarm payrolls for February, missing economist forecasts and signaling potential softening in the labor market. The weaker-than-expected jobs figures raised questions about the Federal Reserve’s path on interest rates, with some traders now pricing in a higher likelihood of earlier rate cuts to support growth.

Compounding the pressure, crude oil prices surged above $90 a barrel for the first time in recent months, driven by escalating tensions involving Iran and broader supply concerns in the Middle East. West Texas Intermediate crude climbed significantly, pushing energy stocks higher but adding to inflationary fears that could keep borrowing costs elevated longer than anticipated.

“Today’s move reflects a classic risk-off reaction to mixed macro data and commodity spikes,” said one market strategist in a CNBC analysis. “The jobs miss is concerning for growth, while oil’s rally revives inflation worries that had been somewhat subdued earlier this year.”

The Dow’s decline marked a pullback from recent highs, with the index having peaked above 50,500 in February before retreating. Year-to-date, the benchmark remains modestly positive but has given back much of its early 2026 gains amid choppy trading.

Component performance varied, with only nine of the 30 Dow stocks closing higher. Standouts included Boeing (BA), which rose more than 4% on positive developments in its production outlook, and select defensive names like Johnson & Johnson (JNJ) and Coca-Cola (KO), which posted small gains. Heavier losses hit cyclical and growth-oriented names, including Caterpillar (CAT) down over 3.5%, Amazon (AMZN) off 2.6%, and Nvidia (NVDA) declining 3%.

The week’s broader context showed mounting headwinds. On Thursday, March 5, the Dow had already plunged 784.67 points, or 1.6%, to 47,954.74, briefly dropping more than 1,100 points intraday as oil spiked and initial Iran-related fears gripped traders. That session followed a modest rebound Wednesday when the index rose about 238 points to 48,739.41, snapping a brief losing streak.

Analysts pointed to a confluence of factors weighing on sentiment. Persistent geopolitical risks, including developments in the Middle East, have kept energy markets volatile, with oil’s rally adding to cost pressures across industries. Meanwhile, the jobs data reinforced doubts about the economy’s resilience after stronger-than-expected readings earlier in the year.

Despite the downturn, some market participants remained cautiously optimistic. Corporate earnings seasons have shown resilience in certain sectors, and defensive plays like healthcare and consumer staples have held up better amid uncertainty. The VIX, Wall Street’s fear gauge, jumped more than 24% to around 29.49, indicating elevated volatility expectations heading into the weekend.

Looking ahead, investors will monitor upcoming inflation reports, including the Consumer Price Index due next week, for further clues on the Fed’s policy trajectory. Fed officials have emphasized data-dependence, and recent signals suggest officials may pause rate adjustments if inflationary pressures reaccelerate.

The pullback comes after a strong start to 2026, when the Dow briefly surpassed 50,000 amid optimism over corporate profitability and cooling inflation. However, renewed macro uncertainties have shifted focus back to risks, with the index now trading well below its February peak of 50,512.79.

Broader market breadth weakened Friday, with decliners outpacing advancers on major exchanges. Small-cap stocks, tracked by the Russell 2000, also fell sharply, underscoring broad-based caution.

As markets digest the week’s developments, attention turns to whether the recent dip represents a healthy correction within an ongoing bull trend or the start of more sustained weakness. With oil prices elevated and labor market signals mixed, volatility is likely to persist in the near term.

The Dow’s close at 47,501.55 caps a turbulent week that erased much of the prior session’s gains and highlighted the market’s sensitivity to energy shocks and employment trends. While no single factor dominated, the combination of higher oil and softer jobs data proved decisive in driving Friday’s retreat.