The US stock market witnessed a sharp decline as major indexes such as the S&P 500 and Nasdaq tumbled due to a widespread sell-off in technology stocks. Investors reacted to fears regarding the impact of artificial intelligence on software and analytics sectors, resulting in the S&P 500 dropping nearly 1% and the Nasdaq sinking over 1.4%. Despite some positive earnings results from companies like Palantir, the overall sentiment was dampened as Wall Street grappled with concerns about economic conditions, potential government shutdowns, and soaring oil prices. This led to significant dips in major tech stocks and heightened volatility across the market, including a notable slump in cryptocurrencies like bitcoin. Market experts are now questioning whether the recent selling pressure marks a temporary setback or a more sustained shift in investor sentiment.