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February 6, 2026

Falling tech stocks hit Wall Street

By STAN CHOE
AP Business Writer

NEW YORK — Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market.

The S&P 500 fell 1.2% for its sixth loss in the seven days since it set an all-time high. The Dow Jones Industrial Average dropped 592 points, or 1.2%, and the Nasdaq composite sank 1.6%.


 
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