US stocks lose ground, gold resumes its climb as risk appetite sours

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City

NEW YORK: Wall Street stocks closed sharply lower on Tuesday, extending a selloff prompted in part by the run-up to Nvidia earnings, which could test the artificial intelligence boom amid mounting valuation concerns.

All three major U.S. stock indexes ended deep in negative territory, with crude, bitcoin and gold advancing and U.S. Treasury yields dipping as investor risk appetite soured. The S&P 500 and the Dow logged their fourth consecutive daily losses, during which the bellwether S&P 500 has fallen 3.4%.