The U.S. stock market’s recovery has hit a snag as AI-related stocks decline, contributing to a 0.2% opening dip in the S&P 500. Tech and communication services sectors took the brunt of this decline, with Nvidia experiencing a major drop after SoftBank sold its entire stake in the chipmaker, resulting in a $5.83 billion loss for the company. This has impacted the overall market sentiment, leading to increased bearish bets on stocks as measured by a net addition of $3.75 billion in short positions on the Nasdaq according to Citi Research data. The weakening labor market is also contributing to this uncertainty. ADP reports reveal that private sector job growth has slowed significantly over the past four weeks, decreasing by an average of 11,250 jobs per week.