On Jan 31, 2024, tech stock slump (0.8% S&P, 1.2% Nasdaq) led by Alphabet and bitcoin prices follow tech earnings drop.

On January 31, 2024, the stock market experienced a slump in technology stocks as several influential companies, such as Alphabet, faced the repercussions of high expectations. This led to a 0.8% drop in the S&P 500 during afternoon trading and a 1.2% decline in the Nasdaq composite. The downward trend was driven by technology earnings disappointments. Additionally, bitcoin prices dropped following the tech earnings news.

January 31, 2024
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