The violent rotation from Big Tech plunged the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over three weeks
The BSE and NSE remained unaffected by the Microsoft Windows outage due to the CrowdStrike update despite the exchanges spending less on IT than global peers.
Jerome Powell's appearance before the Senate Committee comes amid expectations for interest rate cuts later in 2024 that have contributed to recent records.