AI stocks dragged the U.S. market lower for the fourth straight day. S&P 500 fell 1.2%, Dow Jones dipped 0.5%, and Nasdaq dropped 1.8%. Questions arise about AI companies’ high prices and profitability. Broadcom, Oracle, and Nvidia dropped. Power companies and homebuilder Lennar also saw losses. Only 17% of businesses are in production scale with AI projects.

Oil companies surged after Trump ordered a blockade on sanctioned oil tankers to Venezuela. Oil prices rose, helping ConocoPhillips, Devon Energy, and Exxon Mobil. Netflix added 0.2% after Warner Bros. Discovery’s board recommended shareholders approve a buyout from Netflix. S&P 500 fell 78.83 points to 6,721.43, Dow Jones dipped 228.29 to 47,885.97, and Nasdaq dropped 418.14 to 22,693.32. Treasury yields held steady at 4.15%.

Read more at Yahoo Finance: More drops for AI stocks drag Wall Street to its worst day in nearly a month