17.12.202517:10:49UTC+00US Stocks Retreat

In the afternoon trading session on Wednesday, major technology stocks led a decline in the markets. The Nasdaq experienced a decrease of approximately 1.3%, the S&P 500 dropped by 0.6%, and the Dow Jones Industrial Average was down by about 50 points. Oracle saw a 5% decrease following reports that Blue Owl, its largest data center partner, has declined to support its $10 billion data center initiative. Both Nvidia and AMD each saw declines around 4%, while Broadcom fell by 5%. Conversely, energy stocks performed well, buoyed by rising oil prices after President Trump mandated a "total and complete" blockade on sanctioned oil tankers associated with Venezuela. Amazon shares rose 0.5% amid reports of potential investment discussions with OpenAI to the tune of $10 billion. Netflix experienced a surge of up to 2.5% after it was reported that Warner Bros.’ board is considering favoring a buyout offer from Netflix. Meanwhile, market participants considered remarks from Federal Reserve Governor Christopher Waller, who indicated a willingness to support additional interest rate cuts, as they awaited the release of the November Consumer Price Index (CPI) data on Thursday.