All of the blue chip components were down across the board, suffered by declines in Salesforce (CRM), Apple (AAPL), Microsoft (MSFT) and IBM (IBM). Fed chairman Jerome Powell put those notions to rest Friday, speaking bluntly about policy decisions to combat inflation during his speech at Jackson Hole. China’s pressure demanding better corporate governance, anticompetitive practices and improved political posture has sparked fears among U.S. investors that Baidu’s core marketing business won’t grow as expected, nor will it be able to accelerate its growth in the cloud.