US Stocks: S&P 500, Nasdaq End Lower as Crude Prices Jump, Chip Stocks Weigh
Chipmakers fell after reports said OpenAI’s annualized revenue was $20 billion below prior expectations, while WTI and Brent rose 3.6% and 4.1%, respectively.
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Reformatorisch Dagblad
welingelichtekringen.nlThe New York stock exchanges closed mostly lower on Thursday, under pressure from rising oil prices and declines in the chip sector. Furthermore, quarterly earnings reports from PepsiCo and Levi Strauss were released.
U.S. Stocks Close Mostly Lower On Spike In Oil Prices, OpenAI Revenue Concerns
Stocks moved mostly lower during trading on Thursday, adding to the modest losses posted in the previous session. The tech-heavy Nasdaq showed a notable move to the downside, pulling back further off the record closing high set on Tuesday.
The Economic Times
Times of IndiaUS stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh
US stock indices slid on Thursday as crude oil prices surged, prompted by intensifying Middle East tensions. Major benchmarks, including the S&P 500 and Nasdaq Composite, saw a drop that illustrates growing investor jitteriness. The chip sector struggled after a revenue target cut for OpenAI was disclosed, amplifying market fluctuations.
After yesterday's US drop, sellers also gained the upper hand on Asian stock markets this morning, while a fall was also visible in Europe. The mood is burdened by high bond yields, the rising price of oil again, and concerns about the growing demand for credit for AI investments. The excitement continued at home, and in parallel with the deteriorating international mood, the Hungarian stock market also fell, led by OTP, whose price fell below 4…
US stocks fell on Thursday as rising oil prices and struggling chipmakers dragged down two of the three major indexes.
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