Valuation jitters in AI stocks drag Indian indices; volatility index spikes

The On Thursday, the Nasdaq Composite Index slumped 2.2%, while the S&P 500 and the Dow Jones Industrial Average fell 1.6% and 0.8%, respectively. The lack of clarity on the impact of Thursday's better-than-expected US jobs report on the Fed's interest rate decisions also weighed on sentiment. "The markets declined today due to weak global markets, as the job report data from the US signals a lower probability of an interest rate cut in the US, while worries on the valuations of AI stocks mount," said Wh ...