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NASDAQ:PRCT News 8 December 2025

Biggest Stock Losers Today: LEGN, MRVL, UL and More Slide as Wall Street Braces for a Fed Rate Cut (December 8, 2025)

Biggest Stock Losers Today: LEGN, MRVL, UL and More Slide as Wall Street Braces for a Fed Rate Cut (December 8, 2025)

Wall Street kicked off “Fed week” in a cautious mood on Monday, December 8, 2025. U.S. stock futures ticked slightly higher, with the S&P 500 hovering just below record territory as traders priced in an ~85–90% chance of another 25‑basis‑point rate cut at the Federal Reserve’s final meeting of the year.  TechStock² Beneath that calm index-level picture, several individual U.S. stocks logged outsized losses, led by…

Stock Market Today

  • Rs 1.75 Lakh Crore Selloff Hits Indian IT Stocks Amid AI Fears
    February 4, 2026, 1:35 AM EST. Indian IT stocks faced a historic Rs 1.9 lakh crore market value drop on Wednesday, driven by fears that artificial intelligence (AI) advancements could disrupt traditional software and IT services. Shares of Infosys and Mphasis fell over 7%, while others like LTIMindtree, Wipro, and TCS declined between 4% and 6%. The selloff extended globally, with Nasdaq tech stocks losing around $300 billion. The catalyst was AI developer Anthropic's launch of tools automating sectors like legal and marketing, heightening concerns about AI replacing conventional IT roles. Experts warn this 'SaaSpocalypse' risks shrinking profit margins and undermining competitive positions, prompting downgrades of major software firms. Investors are reassessing valuations amid uncertainty over AI's impact on IT services growth and profitability.
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