The Dow Jones Industrials slipped 159.08 points to close business Wednesday at 41,091.42
The S&P 500 declined 33.6 points to 5,592.20.
The tech-heavy NASDAQ faded 189.79 points, or 1.1%, to 17,556.03.
Wall Street is keeping an eye on Nvidia to gauge the sustainability of the broader tech and artificial intelligence trade. The semiconductor giant — slated to report after the close — has surged more than 150% in 2024, raising questions of how much more room there is for the stock to run. On Wednesday, it fell nearly 2%.
Other technology stocks were also trading lower on Wednesday, including “Magnificent Seven” peers Amazon, Google and Microsoft.
Elsewhere, a regulatory filing showed that Warren Buffett’s Berkshire Hathaway sold shares of Bank of America once again. The conglomerate dumped more than 24 million shares for $981.9 million in earlier sessions.
Prices for the 10-year Treasury inched lower, raising yields back Tuesday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices sank 77 cents at $74.76 U.S. a barrel.
Gold prices dropped $10.90 to $2,544.00.