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Stocksstarted the dayhigherbut fell later, as investors grew more cautious as Wednesday went on. The biggest jolts came from the technology and AI sectors, as major stocks fell.

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The Dow Jones Industrial Average lost 45 points, or about 0.1%, to end the day at 37,753. The S&P 500 fell 0.7% and the tech-heavy Nasdaq dropped 1.1%.

The crypto market also felt the turbulence as the big Bitcoin halving event approaches. Bitcoin dipped below $60,000, and Ether couldnt cross the $3,000 mark by the end of the day.

The biggest fall was seen in the tech sector, with chip stocks dropping after Dutch company ASML missed first-quarter earnings expectations. ASML stock closed down 7.1%. But the pain spread.

Amazon and Meta both lost 1.1%, and Tesla continued its long slide to close down about 1%.

AI chipmaker Nvidia fared worse, losing 3.9%. Micron Technology stock dropped 4.5%. Super Micro Computer, which soared Tuesday, fell back about 1.7% Wednesday.

Three energy stocks made the top performers list. Consolidated Edison, an energy delivery company, rose 3.3%. NextEra Energy, an electric power and energy infrastructure company, gained 3.4%. And First Solar, a solar technology company, added 2.9%.

United Airlines stock soared 17.5% after it blamed Boeing for a $200 million loss. But its earnings still beat expectations as the the airline reported strong demand and a rebound in business travel.

Other airline stocks moved up with United. American Airlines stock rose 6.6%, Delta Air Lines added 2.9%, and Southwest Airlines stock gained 2.6%.

The surge came a day after the Biden administration announced it would enforce consumer protection laws on airline travelers with the help of officials in 15 states.

Trump Media & Technology Group ended a weeks-long spell of losses Wednesday when its stock spiked.

Shares in Trump Media, the company behind former President Donald Trumps Truth Social, shot up as much as almost 22% in afternoon trading on Wednesday. Its shares traded at a high of $27.77, bringing its market cap back up to $3.8 billion and erasing some of the losses it accrued in recent weeks, before dropping off to close up 15.6%, at $26.40 per share.

Trump Media went public on the Nasdaq under the ticker DJT on March 26, after completing its merger with Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. From its high trading price of $79.38 in its first week, its market cap has fallen more than $4 billion, with the stock price hitting an all-time low of $22.55 per share this week.

Bitcoin got jittery before the big halving event scheduled for Friday. The top cryptocurrency fell to $59,900 on Wednesday for the first time since early March, almost 17% below its all-time high.

Many of the other major cryptocurrencies also dropped Wednesday, including the second-largest, Ether, which has gone below $3,000, according to crypto tracking website CoinMarketCap.

Rocio Fabbro and Francisco Velasquez contributed to this article

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The Dow drops 45 points as AI and tech stocks fall - Quartz