fintech / news / / The Economic Times
Nasdaq drops over 300 points in early trade.
Nasdaq is crashing as reports reveal OpenAI missed internal revenue and user expectations.
KEY POINTS
- The United Arab Emirates announced its exit from OPEC starting May 1, escalating oil supply risks.
- Spotify plunged 12% after weak guidance, highlighting softness in tech-related earnings.
- Climbing Treasury yields near 4.37% are pressuring high-growth tech sectors more than others.
- Money is rotating from growth stocks into defensive and smaller names amid rising market uncertainty.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →