Stock Market Today: Dow, S&P 500, Nasdaq Slide as Tech Valuation Fears Grow

The stock market experienced a decline today as tech stocks faced selling pressure due to valuation concerns. The Nasdaq Composite dropped by about 0.5%, while the S&P 500 and Dow Jones Industrial Average also saw losses. In the cryptocurrency market, Bitcoin dipped below $100,000, reaching its lowest level since June.

Bitcoin Dips Below $100K as Market Volatility Continues

Bitcoin fell 1.7% to around $101,000, resuming its downward trend after a brief pause. The cryptocurrency market as a whole faced steep losses, with Ethereum also dropping by 4%. Investors are fleeing riskier assets like digital currencies amid market uncertainty.

AI Stocks Resume Decline, Leading to Market Pullback

AI stocks, including tech giants like Nvidia, Amazon, and Palantir, saw significant declines as investors questioned valuations. The Dow Jones Industrial Average closed lower by nearly 400 points, with the S&P 500 and Nasdaq also experiencing losses. The market pullback comes as concerns over AI valuation and market volatility persist.