Technology stocks fell on Friday, amid fears of an AI bubble, a further drawn out federal government shutdown, and economic data that suggests consumer sentiment has fallen toward record-low levels.

That’s in addition to economic data that showed last month’s layoffs hit their highest level for October—in 20 years. That report, from global outplacement firm Challenger, Gray & Christmas, also also said hiring slowed to lowest point in 14 years.

Despite strong third-quarter earnings reports, the tech-heavy Nasdaq Composite Index (^IXIC) was down once again, for the second consecutive day, about 1% in afternoon trading on Friday, as big Tech Stocks tumbled, closing out the week as the Index heads toward what could be its worst week since April, when the Trump Administration introduced its “

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