US tech stocks fell on Thursday, as weak jobs data piled further pressure on a market reeling from a big sell-off in the software sector.
The tech-heavy Nasdaq Composite fell 1.6 per cent, its third consecutive session of heavy losses and leaving it on track to post its worst week since US President Donald Trump’s “liberation day” tariffs rocked markets last April. The blue-chip S&P 500 dropped 1.2 per cent.
Bitcoin, a speculative asset that tends to fall sharply during times of market strife, dropped more than 12 per cent, pushing it below $65,000 for the first time since 2024.
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