The three major U.S. stock indexes closed lower, with the Dow down 0.31%, the Nasdaq down 0.60%, and the S&P 500 index down 0.38%. Chip stocks weakened, with micron technology and broadcom falling over 3%, Arm dropping more than 2%, and nvidia, intel, and taiwan semiconductor declining over 1%. Dell technologies fell over 12%, with poor revenue in the third quarter and weak guidance for the fourth quarter. The Chinese autonomous driving company Pony.ai officially landed on the Nasdaq, with a nearly 8% drop on its first day of listing.