New Delhi, Dec. 12 -- Wall Street key indices fell on Friday as artificial intelligence stocks came under pressure after Broadcom's weak sales forecast fueled concerns about an AI bubble.

As of 11:45 A.M. Eastern Time, the S&P 500 fell 1.3%, the Nasdaq Composite shed 1.9%, and the Dow Jones Industrial Average lost 0.6%.

At 9:47 a.m. ET, the Dow Jones Industrial Average rose 154.56 points, or 0.31%, to 48,856.46, the S&P 500 lost 12.58 points, or 0.18%, to 6,888.92 and the Nasdaq Composite lost 119.55 points, or 0.51%, to 23,478.83.

The US Federal Reserve on Wednesday reduced interest rates by 25 basis points for the third time this year, but signalled caution on additional cuts in 2026.

On the economic data front, US jobless claims ro...