US stock market down for
Photo: Mary Altaffer/AP/TT

US stock market down for fourth day in a row

The majority of stocks in the New York Stock Exchange's broad S&P 500 index rose on Wednesday, but the index still fell due to price declines in some AI-related major companies.

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The S&P 500 index, which fell 1.2 percent, fell for the fourth consecutive trading day. The Dow Jones industrial average lost 0.5 percent and the tech-heavy Nasdaq composite index fell 1.8 percent.

The giant Nvidia, which manufactures some of the most important processors for AI development, fell 3.8 percent. Competitor Broadcom lost 4.5 percent.

Oil companies were among the winners, after President Donald Trump ordered a blockade of all sanctioned oil tankers to and from Venezuela. Netflix also rose, up 0.2 percent, after Warner Bros Discovery's board recommended that the streaming giant buy the film company, rather than it being taken over by Paramount Skydance.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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