Nasdaq Hits Multi Month Low as AI Spending Worries and Weak Job Data Rattle Markets
Tech stocks and bitcoin plummeted as concerns over AI spending and weak U.S. labor data rattled markets. The Nasdaq hit its lowest point since last November.
Insights:
On Feb. 5, 2026, a tech-fueled stock market selloff and a sharp cryptocurrency market rout accelerated as investors reacted to concerns over massive capital spending on artificial intelligence and weakening labor data in the US 
US. The downturn, which remains ongoing, knocked major indices lower and pushed bitcoin to multi-month lows, materially shifting market breadth, sector performance, and rate expectations across global equities, bonds, foreign exchange, and commodities.
US. The downturn, which remains ongoing, knocked major indices lower and pushed bitcoin to multi-month lows, materially shifting market breadth, sector performance, and rate expectations across global equities, bonds, foreign exchange, and commodities.
