Photos of the Lumbee Tribe celebrating federal recognition

PEMBROKE, North Carolina (AP) — The Lumbee Tribe of North Carolina is celebrating the passage of a bill granting their people federal recognition. Once federally recognized, the tribe would become one of the largest tribal nations in the country, with about 60,000 members.

This is a photo gallery curated by AP photo editors.

Children pose for a photo with a man selling signs after passage of the National Defense Authorization Act by the U.S. Senate, during a watch party hosted by the Lumbee Tribe of North Carolina, Wednesday, Dec. 17, 2025, in Pembroke, N.C. (AP Photo/Allison Joyce)

John Lowery, N.C. State Rep. and Chairman of the Lumbee Tribe of N.C., right, is comforted by Rob Jacobs, as they join with other members of the Lumbee Tribe of North Carolina, to celebrate with hugs, tears, and prayers after the passage of a bill granting their people with federal recognition, on Capitol Hill, in Washington, Wednesday, Dec. 17, 2025. "It means a lot," says Lowery, "because we have been figuring out how to get here for so long. We have been second class natives, and we will never be that again. We will make sure this counts." (AP Photo/Jacquelyn Martin)

John Lowery, N.C. State Rep. and Chairman of the Lumbee Tribe of N.C., right, is comforted by Rob Jacobs, as they join with other members of the Lumbee Tribe of North Carolina, to celebrate with hugs, tears, and prayers after the passage of a bill granting their people with federal recognition, on Capitol Hill, in Washington, Wednesday, Dec. 17, 2025.

People sing while playing drums during a watch party hosted by the Lumbee Tribe of North Carolina, Wednesday, Dec. 17, 2025, in Pembroke, N.C. (AP Photo/Allison Joyce)

Austin Curt Thomas, 11, gets a celebratory fist bump from Sen. Thom Tillis, R-N.C., as he and his father Aaron Thomas, of Pembroke, N.C., join fellow members of the Lumbee Tribe of North Carolina, to celebrate after the passage of a bill granting their people federal recognition, on Capitol Hill, in Washington, Wednesday, Dec. 17, 2025. (AP Photo/Jacquelyn Martin)

People attend a watch party for the passage of the National Defense Authorization Act by the U.S. Senate, hosted by the Lumbee Tribe of North Carolina, Wednesday, Dec. 17, 2025, in Pembroke, N.C. (AP Photo/Allison Joyce)

People celebrate after passage of the National Defense Authorization Act by the U.S. Senate during a watch party hosted by the Lumbee Tribe of North Carolina, Wednesday, Dec. 17, 2025, in Pembroke, N.C. (AP Photo/Allison Joyce)

People celebrate after passage of the National Defense Authorization Act by the U.S. Senate, during a watch party hosted by the Lumbee Tribe of North Carolina, Wednesday, Dec. 17, 2025, in Pembroke, N.C. (AP Photo/Allison Joyce)

Wearing a traditional bolo that says "Lumber Tribal Council," a member of the Lumbee Tribe of North Carolina, attends a celebration after the passage of a bill granting the tribe with federal recognition, on Capitol Hill, in Washington, Wednesday, Dec. 17, 2025. (AP Photo/Jacquelyn Martin)

John Lowery, N.C. State Rep. and Chairman of the Lumbee Tribe of N.C., leads a toast to Sen. Thom Tillis, R-N.C., center, front right, as members of the Lumbee Tribe of North Carolina, celebrate the passage of a bill granting their people federal recognition, on Capitol Hill, in Washington, Wednesday, Dec. 17, 2025. (AP Photo/Jacquelyn Martin)

NEW YORK (AP) — More drops for AI stocks dragged the U.S. market lower Wednesday, and Wall Street sank to its fourth straight loss.

The S&P 500 fell 1.2% for its worst day in nearly a month, though it’s still not far from its all-time high set last week. The Dow Jones Industrial Average dipped 228 points, or 0.5%, and the Nasdaq composite dropped 1.8%.

Slightly more stocks rose within the S&P 500 than fell, but they got drowned out by the drops for companies in the artificial-intelligence industry.

Questions continue to dog the former superstars about whether their yearslong dominance of Wall Street meant their prices shot too high, as well as whether all the investment in AI will produce enough profit and productivity to prove worth the cost. Worries are also rising about the debt that some companies are taking on to pay for it all.

Broadcom dropped 4.5%, Oracle fell 5.4% and CoreWeave sank 7.1%. Nvidia, the chip company that’s become Wall Street’s most influential stock because of its tremendous size, fell 3.8% and was the day's heaviest weight on the S&P 500.

Power companies that jumped earlier in the year on expectations for stronger demand from electricity-sucking data centers also lost some of their shine. Constellation Energy fell 6.7%.

Only 17% of respondents in a survey of relatively big businesses by UBS said they’re in production at scale with their AI projects. That could be “a reminder for tech investors to remain sober about the likely 2026 revenue growth uplift from AI products,” according to UBS analysts, though the rate continues to rise.

Also on the losing end of Wall Street was Lennar, which sank 4.5% following a mixed profit report. The homebuilder delivered a weaker profit for the latest quarter than analysts expected, though its revenue topped expectations.

Executive Chairman Stuart Miller said that conditions remain challenging, with customers feeling less confident while looking for discounts and more affordable options. As a result, the company gave limited forecasts for its upcoming financial performance.

Progressive, meanwhile, fell 2% after the insurer based in Mayfield Village, Ohio, said that its net income for November fell 5% from its year-ago level.

On the winning side of Wall Street were oil companies, after President Donald Trump ordered a blockade of all “sanctioned oil tankers” into Venezuela. It’s Trump’s latest escalation against Venezuela, which may be sitting on more oil than any other country.

That sent the price of a barrel of benchmark U.S. crude higher by 1.2% to $55.94. just a day after it sank to its lowest level since 2021. Brent crude, the international standard, climbed 1.3% to $59.68 per barrel.

That in turn helped ConocoPhillips rise 4.6% and cut into its loss for the year so far, which came into the day at 8.5%. Devon Energy rallied 5.3%, and Exxon Mobil climbed 2.4%.

Oil prices had dropped through most of this year on expectations that companies are pumping more than enough crude to meet the world’s demand.

Netflix added 0.2% after Warner Bros. Discovery’s board said it still recommends shareholders approve a buyout offer from the streaming giant for its Warner Bros. business, rather than a competing hostile bid from Paramount Skydance for the entire company.

Warner Bros. Discovery fell 2.4%, while Paramount Skydance dropped 5.4%.

All told, the S&P 500 fell 78.83 points to 6,721.43. The Dow Jones Industrial Average dipped 228.29 to 47,885.97, and the Nasdaq composite dropped 418.14 to 22,693.32.

In the bond market, Treasury yields held relatively steady ahead of a report coming on Thursday that will show how bad inflation has been for U.S. consumers.

The yield on the 10-year Treasury held at 4.15%, where it was late Tuesday.

In stock markets abroad, indexes were mixed in Europe following a stronger finish in Asia.

South Korea’s Kospi leaped 1.4% for one of the world’s bigger gains and shaved its loss for the week so far down to 2.7%.

AP Business Writer Elaine Kurtenbach contributed.

Dilip Patel, right, and Bobby Charmak, left, work on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)