The U.S. stocks fell sharply Thursday as investors reacted to signs of a weakening labor market and growing concerns over the economic impact of artificial intelligence.
The Dow Jones Industrial Average dropped more than 600 points, while the S&P 500 and Nasdaq also posted steep losses. Market volatility spiked, with the VIX rising above levels that signal heightened investor fear.
World stocks dropped as concerns about the exploding costs of the AI boom drove tech worries, Europe geared up for a busy day of central bank meetings and silver suffered another crash. More here https://t.co/RIuEHgakLy pic.twitter.com/8ZWA2x3i3u
— Reuters Business (@ReutersBiz) February 5, 2026
Technology stocks led the decline as worries mounted that AI could disrupt the software industry and pressure corporate profits.
Shares of Microsoft and Alphabet fell following earnings reports that highlighted rising AI and data center spending.
Economic data added to the selloff. The Bureau of Labor Statistics reported job openings fell to their lowest level since 2020, while a separate report showed January job cuts were the highest since 2009.
Crypto and precious metals also declined as investors pulled back from risk.
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TIPP Staff
TIPP Staff
TIPP Staff
