Wall Street opened on a mixed note on Wednesday as investors awaited more clarity on the West Asia conflict front and crude oil prices rose.
The Dow Jones gave up over 230 points at open to trade 0.46% lower at 51,069.62, S&P 500 remained muted during open, and was trading 0.10% lower at 7,602.5, and the tech-heavy Nasdaq Composite at 27,102.16 levels, up by 0.03%.
Crude oil prices rose, with Brent Crude up 1.5% to $97 per barrel while West Texas Intermediate traded 1.25% higher at $95 per barrel levels.
As of 11:14 a.m. EST, Dow declined over 400 points or 0.8% to 50,881.14, S&P 500 was down 0.44% to 7,576.03, and Nasdaq traded 0.6% lower at 26,922.44.
The American Depository Receipts of Indian IT behemoths Infosys and Wipro extended losses for the second consecutive session on Wednesday, declining up to 4%.
This is the second consecutive day that these software ADRs have bled, taking cues from their NYSE-listed counterparts with the likes of Accenture, which also extended its weakness and dipped 5% to a low of $177.39.
ALSO READ: Infosys, Wipro ADRs Slump Up To 4% As Global IT Sell-Off Extends For Second Day
Notably, Nvidia Corp.'s shares broke their two-day winning streak backed by the 'spark' deal with Microsoft, to trade over 3% lower at $215.75, while Intel's stock soared nearly 9% to a high of $118.29. It pared some gains to trade 6% higher at $114.
A day after Nvidia announced partnership with Microsoft to build the next generation of personal computers, Intel responded with its own new series of server processors while detailing an AI accelerator built to undercut its rival on and deployment, in the Computex 2026 event.
The centrepiece of Intel's Computex 2026 event was the Xeon6+ processor family, codenamed Clearwater Forest. These pack quite the punch, with up to 288 efficiency cores in a single socket. Intel said it is the world's first data centre processor built on its 18A manufacturing node.
ALSO READ: Intel Responds To Nvidia; Launches New Generation Of CPU, AI Chips
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