The U.S. stock market dipped Monday as Nvidia and other AI tech giants faltered. The S&P 500 fell 0.9%, Dow Jones dropped 1.2%, and Nasdaq sank 0.8%. Nvidia’s 1.8% fall led the market down, with other AI winners like Super Micro Computer also seeing losses. Bitcoin’s drop affected Coinbase Global and Robinhood Markets.

Critics warn of a market drop due to high prices since April, especially in AI stocks. Nvidia, up 39% this year, will report profits Wednesday, influencing stock market records. Aramark fell 5.2% after underperforming, while Alphabet rose 3.1% thanks to Berkshire Hathaway’s investment.

The S&P 500 closed at 6,672.41, Dow Jones at 46,590.24, and Nasdaq at 22,708.07. Questions about a third interest rate cut arise, as the Fed aims to boost the job market. The government shutdown affected economic data, delaying signals about the economy’s health.

As the shutdown ends, the delayed jobs report will be released Thursday, potentially impacting market swings. Fed officials suggest waiting for more clarity before making decisions. The bond market saw a slight decrease in the 10-year Treasury yield to 4.13%.

Stock markets in Europe and Asia fell, with Tokyo’s Nikkei 225 slipping 0.1% due to Japan’s 1.8% economic contraction. South Korea’s Kospi rose 1.9% on strong tech-related stock performance.

Read more at Yahoo Finance: Nvidia, bitcoin and other falling stars drag the US stock market lower