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The Nasdaq fell 1.25% as concerns about OpenAI revenue pressured Oracle, Nvidia and AMD. Oil rose on renewed Iran tensions, while Treasury yields declined after a strong bond auction.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street
00:02The Nasdaq fell 1.25 percent Thursday as major technology stocks declined after OpenAI's
00:08annualized revenue came in below the amount previously signaled, according to CNBC.
00:12The S&P 500 declined 0.47 percent while the Dow rose 0.1 percent.
00:18Oracle fell more than 5 percent while Nvidia lost nearly 3 percent and advanced micro-devices
00:23dropped almost 4 percent.
00:25Oil prices spiked after President Trump rejected a deal with Iran to end the war amid reports
00:29of planned U.S. bombing, but retreated from their highs after he ruled out attacks before
00:34next month's midterm elections.
00:35Brent crude rose 4.07 percent to $104.28 per barrel, while West Texas Intermediate gained
00:423.64 percent to $91.49.
00:45Treasury yields fell following a solid 30-year bond auction, with the 10-year yield dropping
00:505 basis points to 5.227 percent and the 30-year yield declining 6 basis points to 5.601 percent.
00:57For all things money, visit Benzinga.com.

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