Wall Street's major indexes closed lower on Thursday, with the S&P 500 and Nasdaq both falling to their lowest levels in three weeks.
The decline was due to ongoing concerns about artificial intelligence (AI) investments that are starting to weigh on the performance of tech stocks.
Oracle shares fell 5.4% after Blue Owl Capital reportedly pulled out of a $10 billion data center deal.
Amazon shares fell 0.6% after the company entered talks with OpenAI about a $10 billion AI chip investment.
At the same time, concerns about the rising debt burden in the tech sector to finance AI development also weighed on investor sentiment, triggering selling.
The Dow Jones Industrial Average fell 0.47% to 228.29 points, the S&P 500 fell 1.16% to 78.83 points, while the tech-focused Nasdaq plunged 1.81% to 418.14 points.
However, energy stocks rose after US President Donald Trump ordered sanctions on all oil tankers going in and out of Venezuela.
Shares of ConocoPhilips and Occidental Petroleum each rose more than 4%.
Volume on US exchanges was worth $17.92 billion in shares, compared with an average of $16.97 billion over the past 20 trading days.
