US stocks opened higher but closed lower, with concerns about interest rate cuts and risk aversion weighing on the market.

According to ChainCatcher, citing Jinshi, US stock analyst Hannah Erin Lang stated that major US stock indices slipped into negative territory after a significant gap up at the open, with momentum quickly waning. Reasons included the seemingly short-lived boost from artificial intelligence, with the information technology sector leading the decline in the S&P 500. Furthermore, market concerns about whether the Federal Reserve will cut interest rates in December and persistent risk aversion also put pressure on the market.