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than 500 points, coming off the worst three-day run for the blue-chip benchmark since April. The tech-heavy Nasdaq Composite (^IXIC) pulled back nearly 1.4%. The S&P 500 (^GSPC) was roughly 1% lower, eyeing its fourth consecutive losing session.Bitcoin briefly dipped below $90,000 on Tuesday for the first time in seven months, deepening a sell-off that wiped out all of the leading cryptocurrency's gains for the year. That fueled alarm in Asia — where Japanese stocks booked their worst loss since April — and helped push 10-year Treasury yields (^TNX) lower.Worries about an AI bubble and the US economy added to the risk-off mood, as markets start to show signs of strain. Investors are now eyeing two key tests of those concerns in coming days.Chipmaker Nvidia's third quarter results land on Wednesday, at a moment when investors are rethinking the durability of this year’s AI-fueled market rally. Nvidia helped lead a Big Tech slide on Tuesday, falling as much as 3%. Amazon (AMZN) and Microsoft (MSFT) also both fell around 3%.On Thursday, Wall Street will look to the September jobs report release to help shape expectations for the Federal Reserve’s next policy moves. It's the first major economic reading since the US shutdown delayed official data releases. Traders have pared rate-cut odds significantly from total conviction a month ago, and are now pricing in a roughly 50-50 chance of easing.Meanwhile, data from ADP on Tuesday showed job losses slowing in the private sector heading into November. And a stream of earnings from retailers should offer insight into consumer strength ahead of the holiday season. Home Depot (HD) cut its full-year profit guidance after its earnings missed estimates before the bell, pulling its shares almost 4% lower. Results from major chains Walmart (WMT) and Target (TGT) are also set to hit this week.LIVE 12 updates12 mins agoLaura BrattonNasdaq, S&P, Dow see losses deepenThe major stock indexes saw losses of more than 1% as morning trading was underway Tuesday after each index declined fractionally at the market open.The Nasdaq Composite (^IXIC) led declines, at one point sinking nearly 1.9%, while the Dow Jones Industrial Average (^DJI) fell 1.3% and the S&P 500 (^GSPC) dropped 1.2%.Meanwhile, Amazon (AMZN) led Big Tech equities lower, sinking more than 3%. Microsoft (MSFT), Tesla (TSLA), Nvidia (NVDA), and Meta (META) all fell by over 2%.52 mins agoLaura BrattonIntuit stock gains on $100 million OpenAI dealIntuit (INTU) is the latest company to see its shares lifted by news of a deal with OpenAI (OPAI.PVT).Intuit shares rose 1.5% Tuesday after climbing 3.5% in premarket trading on the announcement of an agreement with the ChatGPT maker. That gain came as stocks sank across the board in morning trading, with the Nasdaq (^IXIC) down more than 1% shortly after the market open.The financial management software provider will pay OpenAI more than $100 million to use the AI developer's models in Intuit's apps, and Intuit's apps will be available within ChatGPT.Today at 2:37 PM UTCJenny McCallStocks sink at the openUS stocks sank at the open as investors looked to upcoming jobs data that will factor into interest rate-cut bets and fears of an AI bubble continued to put pressure on tech equities.The tech-heavy Nasdaq Composite (^IXIC) sank 0.6%, while the S&P 500 (^GSPC) dropped 0.4%. The Dow Jones Industrial Average (^DJI) fell 0.8%, following three days of losses for the blue-chip benchmark.The downbeat mood Tuesday comes after a bruising session for stocks Monday.Today at 2:20 PM UTCLaura BrattonUS private sector job losses slowed at the end of October: ADP dataUS private employers shed an average of 2,500 jobs per week during the four weeks that ended Nov. 1, according to fresh data from ADP Research Tuesday.That's a narrower loss than the 14,250 private sector jobs shed by employers over the four weeks through Oct. 25.Investors have closely watched private sector employment data as the longest-ever US government shutdown delayed the release of critical federal economic data.Looking ahead, Wall Street is eyeing the long-awaited September jobs report from the Bureau of Labor Statistics on Thursday, which will factor into bets on the Fed's path to interest rate cuts.Today at 2:07 PM UTCGrace O'DonnellKlarna reports first quarterly results since going public. The stock is down.Shares of Swedish buy now, pay later firm Klarna (KLAR) rose in premarket trading but then reversed gains after its first quarterly results since going public beat expectations. The company also announced it will sell up to $6.5 billion in loans to Elliott Investment Management in order to further its push into the US market.The stock was down 1.8% as the earnings call was underway (listen here).Revenue grew 26% year over year to $903 million, greater than the $885 million the Street expected, while Klarna's net loss reached $95 million in the third quarter.Like economic bellwether Home Depot (HD), which hinted on Tuesday that consumers are putting off home projects, Klarna offers a glimpse into how consumers' finances are holding up. On that front, the fintech firm added more provisions for loan losses, which climbed to 0.72% of gross merchandise volume from 0.44% last year.Still, CEO Sebastian Siemiatkowski said in the company's shareholder letter that "more consumers are paying early, not late."Today at 12:58 PM UTCJenny McCallGood morning. Here's what's happening today.Economic data: ADP weekly employment; Homebuilder sentiment (November); Import price index (October); Industrial production (October)Earnings: Home Depot (HD), Baidu (BIDU), Amer Sports (AS), PDD Holdings (PDD), Medtronic (MDT), Dolby (DLB), Klarna (KLAR)Here are some of the biggest stories you may have missed overnight and early this morning:Google stands out at an uncertain moment for AIGoogle CEO: No company is immune if AI bubble burstsTrump ramps up his bid to soothe fears about rising pricesAmerican workers turn to Uber and DoorDash to fill the income gapCrypto plunge fuels jitters as markets beat a retreatNvidia looks set for $320 billion price swing after earningsStocks face a 'sell' signal as cash holdings declineHome Depot cuts FY earnings outlook as demand falls shortGold wavers amid fading rate-cut bets, tech stock jittersChinese search engine Baidu's Q3 revenue beats expectationsToday at 12:32 PM UTCGrace O'DonnellAs labor market cracks begin to show, workers are turning to Uber and DoorDashYahoo Finance's Allie Canal reports:Read more here.Today at 11:42 AM UTCJenny McCallHome Depot cuts forecast due to US consumer weaknessHome Depot (HD) reported mixed third quarter earnings on Thursday, with the retail giant lowering its fiscal 2025 adjusted earnings forecast but raising its expectations for sales growth.Home Depot stock fell more than 3% before the bell on Tuesday.The AP reports:Read more here. Today at 11:36 AM UTCJenny McCallPremarket trending tickers: Axalta, PDD, Amer SportsAxalta (AXTA) stock jumped 7% in premarket trading on Tuesday after Dulux owner AkzoNobel agreed to combine with the paint and chemicals company to create a $25 billion business.PDD Holdings (PDD) stock fell 2% before the bell after reporting a 9% jump in revenue. The Temu owner had made moves to slash prices and offer steep discounts ‌were bolstering demand in its home market.Amer Sports (AS) stock rose 6% in premarket trading after reporting third quarter results and raising its full-year guidance.Today at 9:50 AM UTCKaren FriarFear spreads across markets as crypto sell-off raises alarmsBloomberg reports:Read more here.Today at 9:39 AM UTCJenny McCallChinese search engine Baidu's Q3 revenue beats expectationsBaidu (BIDU) stock rose 2% before the bell on Tuesday after the Chinese search engine beat market expectations for its third quarter revenue. The company was helped by strong growth in its cloud business amid a recovering ad market.Reuters reports:Read more here. Today at 6:07 AM UTCRian HowlettAsian stock markets fall following US tech dropAP Finance reports:Read more here. 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