Wall Street lost ground for a second straight day as investors took a breather, with chipmakers falling on a weak outlook from Micron Technology. Elsewhere, selling continued in AI names, including Nvidia and Oracle. In commodities, copper rallied to a 15-month high after Freeport declared force majeure, while oil surged 3% to a seven-week peak on a sharp draw in U.S. stockpiles. Back home, Aussie shares are expected to fall on Thursday amid renewed inflation concerns.

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