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The Economic Times

S&P 500 falls 0.46% and Nasdaq drops 1.24% as oil jumps and chip stocks slide

AI Market Summary
US equities closed lower as a sharp crude rally on Middle East tensions and US output disruptions intensified inflation concerns and pushed Treasury yields higher, reinforcing expectations for additional Fed tightening. Semiconductor stocks led declines after reports suggested OpenAI's annualized revenue trajectory is materially below prior indications, weighing on the tech complex. Higher energy prices and tighter financial conditions together pressured risk appetite, with Nasdaq underperforming.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT-0.06%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
U.S. stocks ended lower on Thursday as crude oil prices surged amid escalating Middle East tensions. The S&P 500 fell 0.46% and the Nasdaq Composite slid 1.24%, while the Dow Jones Industrial Average edged up 0.09%. Semiconductor shares weighed on broader markets after a report said OpenAI’s annualized revenue was $20 billion below what the company had previously signaled.
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