S&P 500, Nasdaq and Dow Jones fall amid OpenAI weakness and rising oil prices

16 articles · Updated · CNBC · Apr 27

The S&P 500 dropped 0.49% to 7,138.80, Nasdaq lost 0.9% to 24,663.80, and Dow Jones slipped 0.05% to 49,141.93.
Market declines followed reports of slower OpenAI revenue growth and concerns over its future computing contracts, while chip stocks like Nvidia and Broadcom also fell sharply. Oil prices surged, with WTI closing above $99 per barrel.
Investor caution ahead of major tech earnings and stalled U.S.-Iran peace talks further weighed on sentiment. Coca-Cola shares rose nearly 4% after strong earnings, partially offsetting Dow losses. The S&P 500 and Nasdaq had hit record highs Monday.

Chip stocks are tumbling on OpenAI news. Is this a market overreaction or a sign of deeper instability?

Big Tech is spending $670 billion on AI. Will upcoming earnings reports justify this massive investment?

Is OpenAI's growth faltering, or is the AI market simply diversifying beyond one dominant player?

Why is Microsoft loosening its exclusive ties with OpenAI as the AI leader shows signs of weakness?

With Mideast tensions escalating, could crude oil prices truly hit the feared $150 per barrel mark?

Can a release from a depleted US oil reserve truly shield consumers from soaring energy prices?