📈 Stocks & Economy🇮🇳 India
Nasdaq's Biggest-Ever Point Drop Erases $1.8 Trillion — Indian IT Stocks Feel the Chill
MarketWatch·Monday, 8 June 2026
The Nasdaq fell over 1,121 points on Friday — its biggest single-day point drop ever — wiping out $1.8 trillion in value from the S&P 500. A massive tech selloff ended Wall Street's two-month rally in one brutal session. The sell-off was triggered by a combination of AI hype cooling off and rising geopolitical tension.
Why It Matters
Indian IT giants like TCS, Infosys, and Wipro earn a big chunk of their revenue from US tech clients. When US tech tanks, Indian IT stocks usually follow within days.
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