Stocks Close Lower As Report of OpenAI Revenue Struggles Circulates

MRKT Matrix - Tuesday, April 28th S&P 500 slips from record, Nasdaq falls as OpenAI report knocks chip stocks (CNBC) OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO (WSJ) OpenAI Hits Back at Growth Fears, Says ‘Firing on All Cylinders’ (Bloomberg) Oracle pushes back on concerns about OpenAI (CNBC) Traders bet Nvidia’s stock will return to record highs soon (CNBC) Where Americans Are Drawing the Line on Price Increases (WSJ) JPMorgan’s Dimon Warns Again on Risks of Credit Downturn (Bloomberg) Wall Street banks boost Treasury holdings to highest level since 2007 (FT) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs