The S&P 500 Index provisionally closed down 0.4%, with the energy and materials sectors down 1.8%, the technology sector flat, and the telecommunications sector ticking up less than 0.1%.

The Nasdaq 100 Index initially closed down 0.1%. Among its constituent stocks, Insmed initially closed down 23%, Arm fell 10%, Marvell Technology, SanDisk, Baker Hughes, MPWR and others fell as much as 7.2%. Palo Alto Networks rose 7.1%, CrowdStrike gained 8.2%, Zscaler increased 9.9%, Axon climbed 10.8%, Fortinet soared 20.4%, and Datadog surged 31.2%. Caterpillar initially closed down 3.4%, JPMorgan fell 2.6%, 3M dropped 1.8%, Chevron was down 1.5%, Amazon fell 1.4% and led Dow Jones component losers, while NVIDIA rose 1.7% and Salesforce gained 2.8%.