Wall Street closes lower as AI funding jitters drag tech stocks
By Abigail Summerville and Johann M Cherian
Wed December 17, 2025 4:34 PM
Yet again AI anxiety has swept the markets as for the fourth day major 3-digit drops have plagued the indexes. Major players have seen their share prices plunge, a behemoth like Amazon announcing a major $10B investment while giant Oracle suffered when announcing a major AI investor has pulled out. All in all, the entire chip index fell, even champions Nvidia and Broadcom.
Warner Bros. has rejected the hostile takeover bid from Paramount and going back to the original Netflix deal. Oil prices have risen in the midst of the Venezuelan crisis and dovish Fed Governor Waller has supported the rate cut crowd with today’s statement that, despite the job market, there is still room for more cuts. Consumer inflation data comes on Thursday from the Commerce Dept. Volume at 17.92 billion is now above the 16.97 average.
DJ: 48,114.26 -302.30 NAS: 23,111.46
+54.05 S&P: 6,800.26
-16.25 12/16
DJ: 47,885.97 -228.29 NAS: 22,693.32
-418.14 S&P: 6,721.43
-78.83 12/17
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