Wall Street closed lower on Wednesday, with tech and discretionary stocks leading the decline. Investors cashed in gains, concerned about stretched valuations and the AI bubble. Dow Jones remained flat, Nasdaq fell 0.7%, and S&P 500 lost 0.2%. Fed minutes and tech weakness weighed on markets, prompting investors to rotate into defensive sectors like healthcare and energy. Oil prices rose on falling reserves and Ukraine peace efforts. Texas Instruments and Apple weighed down the markets.

Read more at Nasdaq: Stock Market News for Aug 21, 2025