Big Tech Stocks Drag Wall Street Lower Amid Job Market Woes; Bitcoin Plunges

• U.S. stock markets, including the S&P 500, Dow Jones, and Nasdaq, fell again due to declining technology stocks and discouraging job market news.
• Google's parent company, Alphabet, dropped after forecasting a doubling of spending on AI and other investments this year, despite a 30% jump in Q4 profits.
• Chipmaker Qualcomm's shares sank nearly 12% due to an anticipated industry-wide memory shortage impacting Q2 results, despite beating Q1 forecasts.
• Bitcoin tumbled almost 5% to its lowest price in 15 months, falling below $70,000, following comments from U.S. Treasury Secretary Scott Bessent.
• Precious metals like gold and silver also saw sharp declines, with gold falling 2% and silver sinking 10%, amidst investor concerns and price corrections.