US stocks closed sharply lower on Wednesday, with the S&P 500 falling 1.2% to mark a fourth consecutive session of losses. The Nasdaq dropped 1.8%, while the Dow Jones ended 228 points lower, also extending its losing streak to four sessions.
The tech sector led the declines amid persistent concerns over AI-related valuations. Oracle tumbled 5.4% after reports that its largest data center partner, Blue Owl, declined to back the company's plan to build a $10 billion data center. Nvidia fell 3.8%, Broadcom slid 4.5%, and AMD plunged 5.3%.
Amazon shares closed 0.6% lower, giving up early gains despite reports that the company is in talks to invest around $10 billion in OpenAI. By contrast, energy stocks outperformed as oil prices rose after President Trump ordered a "total and complete" blockade of sanctioned oil tankers linked to Venezuela.
Netflix added 0.2%, paring earlier gains of more than 2.5%, following reports that Warner Bros.' board is likely to favor a buyout bid from Netflix.
Source: Trading Economi
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