OpenAI Concerns Drag Nasdaq Down Over 1% at Open
Nasdaq, heavily weighted with tech stocks, fell over 1% at market open after media reports suggested AI startup OpenAI failed to meet its user growth and sales targets, raising concerns about its ability to fund its massive AI infrastructure. The Dow Jones saw a slight gain, while the S&P 500 also declined.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 23:13
- 🔍 Collected: April 28, 2026 at 23:32 (18 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 23:35 (3 min after Collected)
New York, April 28 (CNA) The Nasdaq composite index, heavily weighted with technology stocks, fell more than 1% at market open today after media reports indicated that artificial intelligence (AI) startup OpenAI failed to meet its new user growth and sales targets, raising concerns that the company might struggle to sustain its massive AI infrastructure expenditures.
The Dow Jones Industrial Average rose slightly by 109.0 points, or 0.22%, to 49276.8 points.
The S&P 500 index opened down 40.2 points, or 0.56%, at 7133.74 points.
The technology-heavy Nasdaq index, however, dropped 277.5 points, or 1.12%, to 24609.57 points at open. (Edited by Liu Shu-chin) 1150428
The Dow Jones Industrial Average rose slightly by 109.0 points, or 0.22%, to 49276.8 points.
The S&P 500 index opened down 40.2 points, or 0.56%, at 7133.74 points.
The technology-heavy Nasdaq index, however, dropped 277.5 points, or 1.12%, to 24609.57 points at open. (Edited by Liu Shu-chin) 1150428