US Stock Market Today at 11:59 a.m. ET: S&P 500 and Dow Slip as AI Stocks Slide Again, Oil Jumps on Venezuela Blockade
The S&P 500 fell 0.8% and the Nasdaq dropped 1.25% late Wednesday morning as declines in AI-linked mega-caps like Nvidia and Oracle outweighed gains in energy stocks. Oil prices rose after President Trump ordered a blockade of sanctioned tankers into Venezuela, lifting U.S. crude by 1.5% to $56 a barrel. Most stocks traded higher, but losses in heavyweight tech names dragged major indexes lower.