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Tech Stocks Fall for Third Day
US stocks dropped on Thursday as tech shares fell sharply. Alphabet shares fell 5%.
The company said it would hugely increase AI spending in 2026. A weak jobs report worried investors about slower job growth.
The tech stock decline has now lasted three trading days. Investors are selling AI shares rapidly. Private sector job data sparked fresh concerns about slower job growth.
Klear Note — Tech stocks often fall when investors worry about company spending. AI spending increases can concern investors about future profits.
Key Terms 3
- Alphabet
- Google's parent company. One of the largest tech companies in the world.
- AI
- Artificial intelligence. Computer systems that can learn and make decisions like humans.
- Private sector job data
- Report showing how many new jobs private companies created. Does not include government jobs.