Wall Street’s decline continued − Bitcoin below $64,000

Wall Street stock indexes fell for a third day, weighed down by technology companies.

Yesterday, after the stock market closed, announced its results Alphabet even said it would double its investment in artificial intelligence. It spooked the market, even though the company’s result exceeded expectations. Alphabet shares fell 0.5 percent.

Other large technology companies also suffer from doubts about the rationality of massive investments by artificial intelligence companies. For example Microsoft’s the stock fell almost five percent, and today it will publish its results Amazon decreased by 4.4 percent.

The industrial stock index Dow Jones and the broad large company index S&P 500 fell 1.2 percent, and the technology-focused Nasdaq fell 1.6 percent.

US stock indexes have been close to their records, but now the Nasdaq is behind its worst three-day decline since last April.

The falling market hits software companies in particular, which are feared to be overwhelmed by the new tools brought by artificial intelligence. The ETF that tracks software companies fell five percent today. In five days, the bill has already dropped by 14 percent.

The fall of the virtual currency Bitcoin has also continued violently. On Thursday, the decline accumulated by 13 percent, and the price fell below $64,000. This means that the president Donald Trump’s the gains after the election victory are gone.