The major US stock indices are closing lower. The Dow was the last of the major indices to move into negative territory in the last minutes of trading but only by -0.02%The gainers in the Dow 30 were led byNike (NKE): +5.07% — Closed at $43.13 (+2.08)Salesforce (CRM): +4.25% — Closed at $163.32 (+6.66)Microsoft (MSFT): +3.05% — Closed at $384.38 (+11.36)American Express (AXP): +2.88% — Closed at $348.00 (+9.75)UnitedHealth (UNH): +2.62% — Closed at $426.53 (+10.90)The losers were led by:Caterpillar (CAT): -6.86% — Closed at $991.80 (-73.10)Walmart (WMT): -3.88% — Closed at $108.86 (-4.40)Merck & Co. (MRK): -2.41% — Closed at $125.40 (-3.10)NVIDIA (NVDA): -1.25% — Closed at $197.58 (-2.51)3M (MMM): -1.15% — Closed at $160.05 (-1.86)The S&P and the Nasdaq each got into positive territory midday but they could not sustain the momentum. The S&P moved to up 22.46 points at session highs, but closed down by -16.13 points or -0.22% the 7483.22. The price remains above its 200 hour MA at 7470.66. The 100 hour MA is at 7441..14.For the Nasdaq index, it traded down -259.26 points at session lows, then rallied to up 24.34 points. The close was closer to the lows with a decline of -173.69 points or -0.66%. Some other big losers were AI and chip related: Nebius NV (NBIS): -17.02% — Closed at $229.17 (-47.00)Corning (GLW): -13.61% — Closed at $220.67 (-34.76)SanDisk (SNDK): -10.50% — Closed at $2,035.07 (-238.66)Micron (MU): -10.41% — Closed at $1,034.11 (-120.19)Lam Research (LRCX): -9.71% — Closed at $391.25 (-42.08)Intel (INTC): -9.03% — Closed at $127.02 (-12.61)And some winners today includedAppLovin (APP): +9.58% — Closed at $564.61 (+49.38)Coinbase Global (COIN): +8.93% — Closed at $159.24 (+13.05)Celsius Holdings (CELH): +8.81% — Closed at $31.86 (+2.58)Meta Platforms (META): +8.81% — Closed at $612.92 (+49.63)General Mills (GIS): +8.64% — Closed at $37.81 (+3.01)Robinhood Markets (HOOD): +8.35% — Closed at $108.65 (+8.37)Meta created a new business selling excess AI capacity at a premium. This article was written by Greg Michalowski at investinglive.com.