US Stock Market Close: Nasdaq Falls Over 1% as OpenAI Revenue Expectations Drag on Tech Stocks

On October 9, citing Jinshii Data, U.S. stocks closed with a mixed performance on Thursday. The Dow Jones preliminarily gained 0.1%, the S&P 500 index fell 0.47%, and the Nasdaq's decline widened to 1.25%.

Intraday trading brought broad pressure to the tech sector following news that OpenAI's annualized revenue forecast had been cut by $20 billion compared to earlier reports. NVDA fell nearly 3%, SpaceX, Micron, and SK Hynix each dropped more than 4%, while Oracle and Intel declined by over 5%. The Nasdaq Golden Dragon China Index closed down 0.62%, and NIO stock fell 3.8%.