U.S. stocks close: All three major stock indices closed lower.

The Dow fell 0.67%, the S&P 500 fell 0.77%, and the Nasdaq fell 0.92%. BE fell 8.95%, Arm Holdings Plc fell 8.70%, DoorDash fell 7.74%, Qualcomm fell 7.17%, and Carvana Co. fell 7.01%. Among the "Magnificent Seven": Nvidia rose 1.69%, Google fell 0.56%, Apple fell 0.78%, Microsoft fell 1.35%, Amazon fell 1.41%, Tesla fell 3.94%, and Meta Platforms fell 4.79%.