The Nasdaq and S&P 500 closed lower on Wednesday, dragged by tech stocks on nagging concerns about high-flying valuations, but falling crude prices boosted airlines and other travel stocks and the Dow finished higher.

Despite the tepid showing from the Nasdaq-100 and S&P 500, the Dow Jones (+0.20%) is sitting in the positive today, up about 100 points despite declines from big holdings like Goldman Sachs (-0.83%) and Caterpillar (-3.52%). The rest of the index is helping pull the index into green territory on the day.

The selloff in tech stocks isn't over yet. That's a main takeaway Wednesday heading into the final half-hour of trade. The Dow was up 0.4%, near 51,875, but the tech-heavy S&P 500 was off 0.2% and the Nasdaq Composite was 0.

The major stock indexes fell on Tuesday as yesterday's tech sell-off deepened and spilled over into memory and chip stocks.

Wall Street looks to the memory-chip maker's results for clues on AI demand after another rough session for tech stocks

U.S. stocks are drifting near their records in mixed trading. The S&P 500 slipped 0.3% Monday and pulled 1.7% below its all-time high set early this month.

Anthropic appeared poised to become the next blockbuster public offering. Just weeks ago, enthusiasm surrounding artificial intelligence seemed unstoppable, private market valuations were climbing, and investors were already comparing Anthropic’s potential debut to SpaceX‘s (NASDAQ:SPCX) record-setting IPO.

The stock market saw an abrupt reversal of an earlier rally, plunging around midday as a chip-stock comeback sputtered and sharply reversed course.

Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as profit-taking set in and investors braced for more aggressive Federal Reserve action on inflation.

Plus, SpaceX shares snap losing streak and Oracle puts a number on layoffs.