The three major U.S. stock indexes in New York closed lower across the board.
On the 17th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 406.55 points, or 0.77%, from the previous session to close at 52,146.42.
The Standard & Poor's (S&P) 500 fell 76.08 points, or 1.01%, to 7,457.69, and the tech-heavy Nasdaq composite fell 361.70 points, or 1.40%, to 25,520.24.
Selling in artificial intelligence (AI)-related semiconductor stocks continued, keeping the market weak. On a weekly basis, the S&P 500 fell 1.6%, and the Nasdaq fell 2.9%.
Nvidia fell 2.21%, and major semiconductor corporations such as Micron (-0.50%), AMD (-1.03%), and Intel (-2.00%) all weakened.
The Philadelphia Semiconductor Index, which consists of 30 major U.S.-listed semiconductor stocks, fell 1.63% on the day, extending its decline for a third straight session.
A person in the securities industry said, "As concerns have recently emerged over whether massive AI facility investments will bear fruit, selling to take profits has continued in AI and semiconductor-related stocks."