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<US>3 Major Indices Drop; Nasdaq Closes Down 223 Pts as Chip Stocks Slip, Dented by OpenAI
Weak OpenAI results and higher oil prices weighed on US equities on Tuesday, with all three major indices closing lower, according to reports. The Nasdaq led the decline by droppin...
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<US>3 Major Indices Drop; Nasdaq Closes Down 223 Pts as Chip Stocks Slip, Dented by OpenAI
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Weak OpenAI results and higher oil prices weighed on US equities on Tuesday, with all three major indices closing lower, according to reports. The Nasdaq led the decline by dropping 223 points or 0.9% to 24,663 at close.

Supported by strong 1Q26 results, Coca-Cola (KO.US)      leaped 4%. The DJIA ebbed 25 points or less than 0.1% to close at 49,141. The S&P 500 faded 35 points or 0.5% to 7,138.

Related NewsFed Interest Rate Decision for April 2026 in the United States is 3.75%, unchanged from its last period. The forecast was 3.75%.
OpenAI refuted market concerns, stressing that business demand continued to grow. Losses among chip stocks narrowed, with VanEck Semiconductor ETF (SMH.US)      cascading 3%. Nvidia (NVDA.US)      lost 1.6%, while Broadcom (AVGO.US)      and Oracle (ORCL.US)      shrank about 4%.

For performance stocks, Spotify Technology S.A. Ordinary Shares (SPOT.US)      plummeted 12% post-results, while United Parcel Service (UPS.US)      descended 4%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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