Live Markets: US stocks weaker as tech weighs

Rambus

28/04/2026 15:34

Nasdaq off ~0.9%, S&P 500 declines ~0.6%, Dow edges red

Industrials weakest S&P 500 sector; Energy leads gainers

Euro STOXX 600 index off ~0.4%

Dollar up; US crude rallies >3%; bitcoin down >1%; gold down >2%

US 10-year Treasury yield rises to ~4.37%

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US STOCKS WEAKER AS TECH WEIGHS

U.S. stocks are lower in the early stages of trading on Tuesday, weighed down by a drop in AI-related technology stocks and a rise in oil prices.

AI companies are weaker after the Wall Street Journal reported that OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.

Semiconductors .SOX are among the hardest hit, down more than 3%. Each of the components in the index is in negative territory, with Rambus RMBS.O slumping more than 20% after reporting a Q1 EPS miss after the close on Monday.

Adding to the downside pressure was a climb in oil prices as efforts to engage in peace talks between the U.S. and Iran remain stalled, although crude pared some gains after the United Arab Emirates said on Tuesday it had quit OPEC and OPEC+.

Losses on the Dow .DJI are more subdued, due in part to a gain of more than 5% in Coca-Cola KO.N after the beverage maker reported quarterly results and raised its annual earnings forecast.

Below is your market snapshot:

(Chuck Mikolajczak)

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EARLIER ON LIVE MARKETS:

STOCKS ARE SCORING RECORDS, BUT THE DOW IS STILL BENCHED CLICK HERE

HALF TIME IN EUROPE CLICK HERE

LEAVIN' ON A JET PLANE... OR NOT CLICK HERE

EQUITY RECOVERY: MORE TO GO OR SOFT PATCH AHEAD? CLICK HERE

SOX PUPPETS CLICK HERE

AN UNEASY LULL CLICK HERE

EUROPE BEFORE THE BELL: NO WAR, NO PEACE CLICK HERE

BOJ'S HAWKISH HOLD CLICK HERE

Early trade April 28 https://fingfx.thomsonreuters.com/gfx/mkt/zdpxggoyavx/Pasted%20image%201777385040901.png

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