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S&P 500 Index falls from its record, led by a slide in semiconductor and other tech companies.
OpenAI missed internal sales and new user targets for several recent months, raising investor concerns.
KEY POINTS
The Philadelphia Semiconductor Index dropped 3.6%, with all 30 component stocks ending lower.
UAE will exit the OPEC and OPEC+ oil producer groups as of May 1, 2024.
Spotify plunged over 12% after forecasting lower-than-expected Q2 operating income.
US consumer confidence unexpectedly climbed to the highest level since 2026 despite higher gasoline prices.