The S&P 500 index fell 0.8 percent, marking the fourth straight day of losses for the New York Stock Exchange, the longest losing streak since August. The Dow Jones Industrial Average fell 1.1 percent and the tech-heavy Nasdaq Composite Index fell 1.2 percent.
The background to the decline in recent days is partly concerns that many AI-related companies are overvalued, and partly greater uncertainty about whether the Federal Reserve will implement another interest rate cut at the next monetary policy meeting in December.
Klarna, which reported its first quarterly report after its IPO on Tuesday afternoon, fell a whopping 9.4 percent. The payments company's sales increased, but the company's results deteriorated compared to the same period last year.
Chip giant Nvidia, whose highly anticipated interim report will be presented on Wednesday, fell 2.8 percent.
Home Depot released new quarterly figures in which the home improvement chain lowered its profit forecast, as the company expects many consumers to choose to postpone major purchases for their homes. The stock fell 6.0 percent.
