OpenAI IPO delay sparks tech-led market pullback
Tech-led stock slide on Friday follows a report that OpenAI may delay its mega-IPO, with the Nasdaq down about 1.1%, the S&P 500 off 0.6%, and the Dow around 0.3% as traders weigh higher-for-longer rate bets and AI-sector headwinds. Apple’s price increases, Micron’s earnings signaling continued memory-cost squeezes, and oil’s drop amid Middle East tensions add to a cautious backdrop for equities.