S&P 500 Today: Index Slides to 6,721 as AI Funding Jitters Hit Tech, Oil Pops on Venezuela Blockade (Updated 4:40 PM ET)
The S&P 500 dropped 1.16% to 6,721.43 on Wednesday, its fourth straight decline and lowest close in three weeks, led by a tech selloff as investors questioned AI sector spending and financing. Oracle slid 5.4% after a data center funding setback, while Nvidia and Broadcom also fell sharply. The Nasdaq lost 1.81%, and the Dow slipped 0.47%. Despite the slide, major indexes remain up double digits for 2025.