Even though the SPX and NDX briefly touched new record highs, markets ultimately closed down on the trading session. A report from The Information regarding Oracle's (ORCL) gross margins and profit loss from Nvidia's (NVDA) Blackwell chip opened a trap door to selling action. IBM Corp. (IBM) shone a bright light for tech thanks to a new partnership while Tesla (TSLA) sold off after announcing cheaper versions of its Model Y and Model 3 vehicles. Marley Kayden carries investors through a busy session on Wall Street.

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