Market Overview - Stocks experienced further downside during trading, with major averages showing a lack of direction early but sliding into negative territory as the day progressed [1] - The Dow fell by 171.50 points (0.4%) to 46,121.28, the Nasdaq decreased by 75.62 points (0.3%) to 22,497.86, and the S&P 500 dipped by 18.95 points (0.3%) to 6,637.97, reflecting uncertainty in the artificial intelligence sector [2] Company Performance - Nvidia (NVDA) saw a decline of 0.9% after a 2.8% drop on Tuesday, while Oracle (ORCL) fell by 1.7%, indicating concerns about valuations in the AI sector [3] - The NYSE Arca Computer Hardware Index dropped by 2.3% after reaching a record closing high, highlighting significant weakness in computer hardware stocks [5] Sector Analysis - Gold stocks faced significant weakness, with the NYSE Arca Gold Bugs Index slumping by 2.2% due to a pullback in gold prices [6] - Airline stocks also experienced pressure, leading to a 1.6% decline in the NYSE Arca Airline Index, while energy stocks performed well amid rising crude oil prices [6] Economic Indicators - Traders expressed uncertainty regarding interest rates, with Federal Reserve Chair Jerome Powell indicating that near-term inflation risks are tilted to the upside, creating a challenging economic environment [4] - In the bond market, the yield on the benchmark ten-year note rose by 2.7 basis points to 4.147%, marking a nearly three-week closing high [8]