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Sinking AI darlings like Amazon and Intel drag Nasdaq 100 into correction zone

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

This photo combo of images shows logos for Apple, Meta, Google and Amazon. (AP)
Updated on Aug 03, 2024 11:56 AM IST
Bloomberg |

Microsoft outage didn't impact BSE, NSE, how much do they spend on IT?

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.

The National Stock Exchange of India Ltd. (NSE) building in BKC, Mumbai
Published on Jul 20, 2024 12:28 PM IST

US stock markets at record high led by biggest tech companies in the world

The Philadelphia semiconductor index surged 2.4% to a record high after Taiwan Semiconductor Manufacturing Co posted strong quarterly revenue.

US stock market: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, US.(Reuters)
Published on Jul 11, 2024 07:45 AM IST
Reuters |

S&P 500, Nasdaq open at fresh record highs ahead of Jerome Powell testimony

Jerome Powell's appearance before the Senate Committee comes amid expectations for interest rate cuts later in 2024 that have contributed to recent records.

US Federal Reserve Chair Jerome Powell delivers remarks during a press conference.(Reuters)
Published on Jul 09, 2024 07:49 PM IST
AFP |

Dow Jones Industrial Average hits record high of 40,000 points for first time

U.S. stocks are drifting Thursday as momentum cools following their jumps to records the day before

Dow Jones Industrial Average hits record high of 40,000 points for first time(Representational Image)
Published on May 16, 2024 08:31 PM IST
AP |
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