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Yahoo Finance Live: S&P, Nasdaq slump on OpenAI report, Iran war noise | Apr. 28, 2026
visibility comment0 event April 28, 2026 timer 17:04
#stockmarketnews #openai #opec $yahoofinance
Daily Market Coverage Apr. 28, 2026 3PM-5PM (ET) | Yahoo Finance
OpenAI has fallen short of its own targets for sales and users ahead of its highly anticipated IPO, the Wall Street Journal reported. Shares of partners such as Oracle (ORCL) slumped amid revived concerns about how long the AI spending boom will last.
Investors are now on high alert for clues to AI plans as the “Magnificent Seven” tech megacaps report quarterly results this week. Alphabet (GOOG), Amazon (AMZN), Meta (META), and Microsoft (MSFT) are on Wednesday’s docket, with Apple (AAPL) following the next day.
Meanwhile, the oil market is digesting news that the UAE is leaving the OPEC cartel, a move that deals a major blow to the bloc at an already historically precarious moment for Persian Gulf oil producers.
Wall Street is also watching for progress in peace talks, as the US-Iran standoff keeps traffic through the Strait of Hormuz at a standstill.
Brent crude (BZ=F) traded near $104 per barrel, while US WTI crude (CL=F) hovered near $100.
Also in focus, the Federal Reserve begins its two-day meeting on Tuesday. Policymakers are expected to hold rates steady in their decision on Wednesday, and investors will listen out for Fed Chair Jerome Powell’s comments as his term draws to a close.
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