{"id":728711,"date":"2026-06-27T06:45:20","date_gmt":"2026-06-27T06:45:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/728711\/"},"modified":"2026-06-27T06:45:20","modified_gmt":"2026-06-27T06:45:20","slug":"stock-market-today-sp-500-nasdaq-snap-2-week-win-streak-as-ai-jitters-pressure-tech-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/728711\/","title":{"rendered":"Stock market today: S&P 500, Nasdaq snap 2-week win streak as AI jitters pressure tech"},"content":{"rendered":"\n

US stocks were volatile on Friday, with semiconductor stocks retreating after a report of a potential delay to OpenAI’s (OPAI.PVT<\/a>) IPO added to the headwinds that have whipsawed markets this week. <\/p>\n

The tech-heavy Nasdaq Composite (^IXIC<\/a>) was down 0.2%, while the S&P 500 (^GSPC<\/a>) fell slightly, with both indexes closing out the week with\u00a0losses\u00a0<\/a>of more than 4% and nearly 2%, respectively. <\/p>\n

The Dow Jones Industrial Average (^DJI<\/a>), which includes fewer tech names, dropped below the flat line, but notched a weekly win of less than 1%. <\/p>\n

Concerns are growing that the skyrocketing cost of memory<\/a> and storage components could hit device makers, after Apple (AAPL<\/a>) raised prices<\/a> of its MacBooks and iPads. Memory chipmaker Micron’s (MU<\/a>) stellar earnings showed the squeeze<\/a> is set to continue. <\/p>\n

At the same time, a New York Times report<\/a> that OpenAI is considering pushing back its mega-IPO<\/a> until 2027 is also dragging on the appetite for tech. <\/p>\n

The AI trade was already under pressure as bets grow on a Federal Reserve interest-rate hike this year. A hot May reading<\/a> of the Fed’s preferred inflation gauge, the Personal Consumption Expenditures index, kept that prospect alive. <\/p>\n

Meanwhile, oil prices slumped<\/a> as tanker traffic continued in the Strait of Hormuz despite an attack on a container ship. Brent crude futures (BZ=F<\/a>) sank to about $72 a barrel, while WTI crude (CL=F<\/a>) traded near $69. While the US and Iran have agreed on a 60-day ceasefire, reports of turmoil in the key waterway continue to emerge as Tehran eyes imposing charges for transit. <\/p>\n","protected":false},"excerpt":{"rendered":"US stocks were volatile on Friday, with semiconductor stocks retreating after a report of a potential delay to…\n","protected":false},"author":2,"featured_media":726733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,121,172],"class_list":["post-728711","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-nasdaq-composite","tag-tech"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/728711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=728711"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/728711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/726733"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=728711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=728711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=728711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}