Stocks Slump on OpenAI Report | Closing Bell

Summary

The episode covers the U.S. market close on a day when the Nasdaq dropped on a Wall Street Journal story about OpenAI's financial concerns. The hosts review after-hours earnings from Booking, T-Mobile, Robinhood, Starbucks, Mondelez, and Visa, noting market reactions and key metrics. The Philadelphia Semiconductor Index fell 4%, while the energy sector rose 1.7%.

• Nasdaq 100 saw its largest gap-down open in four weeks on OpenAI revenue concerns.
• Philadelphia Semiconductor Index dropped 4% on the day.
• Energy sector was the top S&P 500 gainer, up 1.7%.
• Booking shares fell 8% after-hours on lighter guidance and Middle East conflict impacts.
• T-Mobile beat analyst estimates for net account additions and raised full-year guidance.
• Robinhood missed revenue and EBIT estimates, and did not provide 2026 outlook.
• Starbucks raised full-year guidance after a strong U.S. comp sales beat.
• Visa beat earnings estimates and noted resilient consumer spending.