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.
