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US Markets Face Downward Pressure Amid Economic Concerns
US markets fell amid rising unemployment and recession fears, with a notable dip in AI stocks and Bitcoin.
The S&P 500 fell for the third consecutive day after the November jobs report showed a rise in unemployment, sparking recession fears. The Dow and Nasdaq also saw declines, especially amid a selloff in AI stocks. Broadcom took a hit, while gold rallied slightly. Bitcoin dropped by 3.1%, settling at $85,806 as investors turned cautious following the jobs data.