All three major US stocks closed in negative territory on Wednesday, as investors were concerned about the impact of a slowing economy on corporate profits and digested comments from Fed Powell on Tuesday. The Dow Jones lost more than 200 points, and the S&P 500 dipped 1.1%. The Nasdaq shed almost 1.7% due to a heavy selloff in tech, led by an over 7.6% loss by Google’s parent Alphabet after its new AI chatbot Bard delivered an incorrect answer in an online advertisement. Also, Amazon and Meta were down 2.2% and 4.3% respectively, while Microsoft finished slightly higher after the software giant said it was updating its Edge web browser and Bing search engine with artificial intelligence. On the flip side, CVS Health Corp and Uber surged more than 3.4% and 5.5%, after upbeat earning results. Chipotle dropped 5% after its quarterly results missed expectations.