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US stocks slump as AI fears oil jumps and Fed signals spook investors across Nasdaq S&P and Dow
Economy
Published on 29 April 2026
Nasdaq slid after fresh OpenAI related worries
US stock markets ended lower as investors balanced AI growth worries with a sharp oil price surge and fresh signals from the Fed. Tech and chip shares dragged the Nasdaq after concerns tied to OpenAI surfaced in the news cycle. Broader pressure also came from war risk and ongoing earnings updates, leaving major indexes in the red.
- AI growth fears weighed heavily on tech and chip stocks
- Oil prices surged, raising cost and inflation concerns
- Fed policy signals added caution ahead of economic data
- Earnings season and geopolitical risks kept sentiment fragile
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times