U.S. stocks fall for the fourth consecutive trading session. S&P 500 down by almost 1%

U.S. stocks opened trading on Nov. 18 with sharp declines, continuing the market sell-off.

Thus, the S&P 500 was down 0.9% shortly after the opening. The Dow Jones blue-chip index was down more than 1%, and the Nasdaq Composite, in which technology companies have a large weight, was losing more than 1.4%.

Quotes are affected by the decline in the technology sector, caused by investors' concerns about the value of companies related to artificial intelligence, writes CNBC. CEO of Alphabet (Google's holding company) Sundar Pichai told the BBC that the boom around AI carries the risk of "irrational euphoria" and that "no company will be immune" if the bubble bursts.

Shares of artificial intelligence processor market leader Nvidia were down about 3%. Since the beginning of the month they have fallen by about 10%. The securities are pressured by the expectation of publication of the company's results for the third quarter, which will be released on November 19. Other representatives of the "Magnificent Seven" - Amazon and Microsoft, which received the first since 2022 downgrade from Rothschild & Co Redburn - are also under pressure.

The outflow from risk assets was also reflected in the fall of bitcoin, whose value briefly dipped below $90,000 on Tuesday.

Tuesday's market weakness was due in part to a disappointing report from retailer Home Depot, Barron's noted. CEO Ted Decker said uncertainty among consumers and continued pressure on the housing market are dampening demand. The home improvement retailer reported worse-than-expected earnings and lowered its full-year forecast.

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