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Here's your closing bell brief for Monday, November 17th.

I'm Catherine Sullivan for the Wall Street Journal. U.S. stock indexes

veered into the red today as an intensifying sell-off in bank and technology shares dragged the

market lower. The Dow led the decline, falling 557 points or 1.2%. The S&P 500 fell 0.9%, and the NASDAQ fell 0.8%. Wall Street scrutiny of the

artificial intelligence boom pressured the sector, causing shares of NVIDIA, meta-platforms, and

Amazon to retreat. Meanwhile, Federal Reserve officials offered conflicting views on interest rates,

with one governor advocating for cuts while the vice chair urged the central bank to proceed slowly.

Among individual companies, Alphabet shares gained 3% after Warren Buffett's Berkshire Hathaway disclosed a new $4 billion stake in the Google Parent Company.

Conversely, the conglomerate reduced its holding in Apple, sending shares

of the iPhone maker down almost 2%. Dell Technologies and Hewlett-Packard Enterprise fell 8% and 7%

respectively, after Morgan Stanley downgraded both stocks to underweight from overweight.

Jazz Pharmaceuticals and ZymeWorks surged 21% and 29% respectively after releasing positive results

from a late stage cancer treatment trial.

And EW Scripts shares jumped 40% on news that Sinclair had built a roughly 8% stake and

is vying to acquire the broadcaster.

Heads up, an artificial intelligence tool helped us make this episode by creating

summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

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