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More drops for superstars caught up in Wall Street’s artificial-intelligence frenzy knocked the U.S. stock market off its record highs.

Oracle's earnings showed mixed results, leading to an 11% drop. Broadcom's strong earnings overshadowed by warnings of margin pressures.

Wall Street closed sharply higher on Wednesday in a broad-based rally. Investor mood was upbeat after the Fed announced a quarter-point rate cut, with investors eyeing future easing despite signals of a temporary pause.

The valuations of some artificial intelligence companies are approaching those of the dot-com boom. But investors worry that pulling money from today’s market risks future gains.

The U.S. stock market is having a terrific year. The benchmark S&P 500 ( ^GSPC +0.67%) is up 16% in 2025 despite economic uncertainty created by President Trump's tariffs. But there could be trouble on the horizon.

Here's what you need to know about whether U.S. stock markets will be open or closed on Christmas Eve and Christmas Day this year.

Dow Jones futures and the other major stock indexes traded mixed Friday, as Wall Street faced new artificial intelligence concerns. AI leader Broadcom AVGO was one reason why, as shares fell after reporting earnings. Meanwhile, retailer Lululemon Athletica LULU made big gains on the stock market today.