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Wall Street is in the grip of disruption worries from AI. It first started with investors dumping shares of software companies but soon spread ​to sectors seen as vulnerable to automation, driving sharp losses in U.S. ​stocks this week.
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Infosys and Wipro ADRs surged despite a broader Nasdaq decline and weak domestic IT stocks. This resilience emerged as US inflation cooled to 2.4% in January 2026, potentially influencing Fed rate cut decisions. However, Indian IT stocks continue to face pressure from strong US employment data and AI-driven disruptions.
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Rivian’s projection that its cheaper models would attract more ​buyers this year powered a near ​20% stock jump on Friday, the latest sign of electric vehicle makers betting ​on affordable cars to revive sales after a key federal subsidy expired.
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Fortis Healthcare on Friday reported a 22 per cent year-on-year decline in consolidated profit after tax at Rs 197 crore in the third quarter ended December 2025.
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Wall ​Street’s ​main indexes were ​muted on Friday, with communication services ‌weighing as ⁠markets assessed ⁠softer-than-expected ​inflation data that kept Federal Reserve ​rate cut hopes intact.
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