Good data appears to be bad news for the market. U.S. stocks fell overnight, with the Dow ending three consecutive gains, better than expected employment report January.

The U.S. Bureau of Labor Statistics’ January nonfarm payrolls report showed that jobs increased by 130,000 jobs in January, but the report was delayed due to the partial government shutdown that ended on February 3.

The figure exceeded the 55,000 new jobs expected by economists surveyed by Dow Jones and was a sharp jump from December’s revised number of 48,000.

A strong jobs report lowered the chances of a rate cut by the Federal Reserve, dampening sentiment.

The report has But there are some red flags: The gains in job growth remain highly concentrated, primarily in health care-related fields, raising questions about the employability of both unemployed workers and new workers.

Revised data released by the U.S. Bureau of Labor Statistics showed job growth last year was just 15,000 jobs; Character Federal Reserve Governor Christopher Waller means: “Zero. Zip. Nada.”

With the situation so uncertain, investors may take a wait-and-see approach as they assess the job market.

Concerns related to artificial intelligence also continued to sweep the stock market, sending shares of software companies lower on Wednesday. Immediate service Overnight, Salesforce and Salesforce led losses, falling more than 5% and more than 4%, respectively. Meanwhile, OpenAI and SK Telecom are looking to establish data in South Korea.

Things aren’t looking much better for Bitcoin in the crypto space either is trying to become Red for the fourth week in a row. The digital currency was last hovering near the $67,000 mark.

In Asia, Singapore will unveil its budget later in the day.

—CNBC’s Jeff Cox contributed to this report.

this house Wednesday passed a resolution disapprove of the president Donald TrumpThe tariffs on Canada were a blow to Louisiana Republican Speaker Mike Johnson and a rare Republican rebuke of the president’s signature economic policies.

Concerns about artificial intelligence and employment data hit the U.S. stock market. All three major Wall Street indexes Slippery The January jobs report failed to ease investor concerns about the labor market on Wednesday, as jitters related to artificial intelligence continued to drag software stocks lower. European stocks closure Investors assessed a range of corporate earnings, including Dutch brewer Heineken, which said it would cut thousands of jobs over the next two years, with mixed results.

Musk’s xAI is undergoing a shakeup. SpaceX CEO explain in a X posts On Wednesday, the company’s xAI artificial intelligence enterprise implemented a reorganization that “needed to part ways with some people,” but it was still “actively hiring.”

(PRO) Funds that buffer market declines boom. Investors seeking protection from market losses pile in these productsDemand for them is expected to continue, according to Morningstar analysts.

Europe’s response to OpenAI announces multi-billion dollar investment in Sweden to boost AI infrastructure

French artificial intelligence startup Mistral said on Wednesday it would invest 1.2 billion euros ($1.43 billion) to build digital infrastructure in Sweden, including artificial intelligence data centers.

Founded in 2023, Mistral has become one of Europe’s leading artificial intelligence companies and raised €1.7 billion in funding in September, valuing it at €11.7 billion. Dutch chip equipment manufacturer ASML
This round of financing is 1.3 billion euros.

The company’s investors also include big tech giants Nvidia and Microsoft, as well as DST Global, Andreessen Horowitz, Bpifrance, General Catalyst and Index Ventures.

—Kay Nicole Schwartz