Stocks Close Significantly Down as Technology Shares Plummet

Market Performance: The S&P 500, Dow Jones, and Nasdaq 100 all closed lower, with the S&P 500 and Nasdaq hitting three-week lows due to declines in AI-infrastructure and chip stocks, alongside a drop in Bitcoin.

Energy Sector Gains: Energy producers saw gains as WTI crude oil rose over 1% following President Trump's announcement of an oil blockade on Venezuela, while mining stocks benefited from increased demand for precious metals amid rising tensions.

Federal Reserve Insights: Dovish comments from Fed Governor Waller indicated a soft labor market and stable inflation, suggesting potential for interest rate cuts, while Atlanta Fed President Bostic expressed concerns about inflation despite solid GDP growth.

Economic Indicators: Upcoming US economic reports are anticipated to show a decrease in initial unemployment claims and a slight increase in CPI, while overseas markets displayed mixed results, with the Euro Stoxx 50 declining and China's Shanghai Composite rising.