financetom
Market
financetom
/
Market
/
US STOCKS SNAPSHOT-Nasdaq opens lower as fresh concerns around AI pressure tech stocks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS SNAPSHOT-Nasdaq opens lower as fresh concerns around AI pressure tech stocks
Apr 28, 2026 7:08 AM

April 28 (Reuters) - The Nasdaq Composite opened lower

on Tuesday, underperforming the benchmark S&P 500 and the

blue-chip Dow, as investors questioned whether the artificial

intelligence boom can deliver meaningful growth for technology

stocks.

The Wall Street Journal reported that AI heavyweight OpenAI

had missed internal targets for weekly users and revenue,

raising concerns over the ChatGPT parent's ability to support

its massive spending on data centers.

The Dow Jones Industrial Average rose 109.0 points,

or 0.22%, at the open to 49,276.8. The S&P 500 fell 40.2

points, or 0.56%, at the open to 7,133.74​, while the Nasdaq

Composite dropped 277.5 points, or 1.12%, to 24,609.574.

(Reporting by Niket Nishant and Utkarsh Hathi in Bengaluru;

Editing by Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved