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Kiplinger
Kiplinger
Business
Karee Venema

Stocks Sink With Alphabet, Bitcoin: Stock Market Today

Alphabet Bitcoin Stock Market Brad Reback Challenger Gray Christmas Azure Google MCK McKesson Microsoft
(Image credit: Getty Images)

Several disappointing updates on the labor market and lingering worries over the return on investment for big artificial intelligence (AI) spenders weighed on stocks Thursday. An extended sell-off in bitcoin only underscored the risk-off session, with the digital currency falling to its lowest point in over a year.

The economic calendar was jam-packed with jobs data today. First up was a report from executive outplacement firm Challenger, Gray & Christmas that showed job cuts more than doubled year over year in January and tripled from December 2025.

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