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Benzinga
Benzinga
Business
Piero Cingari

AI Stocks Slide Again, Bitcoin Dips Near $100,000: What's Moving Markets Thursday?

Nasdaq Bitcoin Crypto United States ELF HOOD Qualcomm Inc Robinhood Markets, Inc.
Stock,Market,Graph,Crashing,Down,,Wall,Street,Elements,And,Dollars

After a brief and cautious rebound on Wednesday, risk-off sentiment returned sharply on Thursday, with AI-linked stocks leading a broad selloff across Wall Street and renewed pressure hitting crypto markets.

Investors grappled with mixed corporate earnings and fresh concerns over the labor market after a private report showed a spike in layoffs last month. Despite clear signs of a cooling job market, comments from Federal Reserve officials dampened hopes for further rate cuts.

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