Wall Street is coming off a major sell-off in software stocks that drove the S&P 500 to a second straight day of losses.

The stock market sold off Thursday, with bitcoin in free fall. Amazon fell late on earnings and huge capital spending plans.

NASDAQ is under pressure as the sell-off in the tech sector continues. Strategy, which is down by 14%, is the biggest loser in the NASDAQ index today. The stock tested yearly lows as Bitcoin declined below the $66,000 level amid crypto market sell-off.

Equity indexes were flashing warning signs. In today’s session, even dovish data failed to lift sentiment. As profits are taken and stop-losses triggered, price moves can become exaggerated.

Google earnings were strong, but AI spending stunned. Bitcoin continues to dive while the stock market is deeply divided.

US indices look a bit sluggish early on Thursday, as the markets are continuing to navigate the earnings season.

Stocks are sliding once again on Thursday, with Big Tech stocks like Microsoft Corp. driving much of the weakness. The Nasdaq composite was down 105.39 points, or 0.5%, at 22,799.19 in recent trading.

The Dow Jones fell 600 points on Thursday, while the S&P 500 dropped 1.2%, briefly breaking below the 100-Day Moving Average (DMA) level at 6,748. The Nasdaq fell another 1.6%, marking its worst three-day rout since April last year during Donald Trump's Liberation Day tariff drama.

A tech-stock selloff is helping the Dow industrials shine. The Dow was recently outperforming the Nasdaq composite by 1.75 percentage points, according to Dow Jones Market Data. That puts the Dow on pace for its biggest outperformance since April 10,

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