Tech stocks drag Nasdaq lower on report of OpenAI revenue fall, high yields
30 Articles
30 Articles
Nvidia Chief Jensen Huang’s Net Worth Falls Below $200 Billion Mark As Tech Stocks Drop
Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.
The New York stock market closed mixed on the 8th (local time) amid a surge in international oil prices. On this day, the Dow Jones 30 Industrial Average closed at 51,231.64, up 51.77 points (0.10%) from the previous close. The S&P 500 index fell 36.41 points (0.47%) to 7,765.36, and the Nasdaq Composite index dropped 345.35 points (1.25%) to 27,193.34. The market fell from the opening.
The New York Stock Exchange closed low, influenced by the rise in crude oil and technology sales.The Dow Jones was the only one that rose slightly.Middle East concerns and doubts about OpenAI affected the market.Nvidia and other chip manufacturers fell noticeably.
New York's main stock indexes closed business on Thursday (8) without a single direction, but under sales pressure in technology shares, after the Financial Times reported that OpenAI's annualized revenue is about $20 billion lower than the company had previously signaled. At the end of business on Wall Street, the Dow Jones index rose 0.10%, to 51,231.64 points, and the S&P 500 lost 0.47%, to 7,765.36 points. The Nasdaq electronic index closed …
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