{
  "id": 12975929,
  "title": "S&P 500, Nasdaq end lower as chip stocks weigh",
  "url": "https://urgent.news/2026/10/08/s-p-500-nasdaq-end-lower-as-chip-stocks-weigh-12975929",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T21:58:10.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/09/s-p-500-nasdaq-end-lower-as-chip-stocks-weigh"
  },
  "original_language": "en",
  "account": "On Thursday, US stocks declined as geopolitical tensions in the Middle East and reduced US oil production sparked a rise in crude prices. The Nasdaq Index experienced the most significant drop, while the S&P 500 had a slight decrease. Chipmakers witnessed a substantial decline of 3.4%, following a Financial Times report that OpenAI's annualized revenue fell 20 billion dollars short of their previous estimates. Market analysts pointed to the anticipation of third-quarter earnings and the ongoing Iran conflict driving oil prices higher. In response to increasing inflation, the Federal Reserve had raised interest rates in September, with a 69.2% probability of another hike this year. Among the 11 major sectors in the S&P 500, energy stocks were the top gainers, while technology firms, particularly chip companies, suffered the steepest losses.",
  "summary": "Among the 11 major sectors in the S&P 500, energy stocks led the percentage gainers, while technology suffered the steepest loss.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh",
        "url": "https://urgent.news/2026/10/08/us-stocks-s-p-500-nasdaq-end-lower-as-crude-prices-jump-chip-stocks",
        "published": "2026-10-08T20:08:56.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "S&P 500, Nasdaq end lower as chip stocks weigh",
        "url": "https://urgent.news/2026/10/08/s-p-500-nasdaq-end-lower-as-chip-stocks-weigh",
        "published": "2026-10-08T21:58:10.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh",
        "url": "https://urgent.news/2026/10/08/us-stocks-s-p-500-nasdaq-end-lower-as-crude-prices-jump-chip-stocks-12970498",
        "published": "2026-10-08T22:17:22.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh",
        "url": "https://urgent.news/2026/10/08/s-p-500-nasdaq-end-lower-as-crude-prices-jump-chip-stocks-weigh",
        "published": "2026-10-08T22:19:23.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "TRexBio prices IPO at $14 per share on Nasdaq",
        "url": "https://urgent.news/2026/10/09/trexbio-prices-ipo-at-14-per-share-on-nasdaq",
        "published": "2026-10-09T01:41:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}