On June 26, 2026, the U.S. stock market experienced a decline, led by technology stocks. The tech-heavy Nasdaq Composite fell 1.1%, and the S&P 500 dropped 0.6% amid reports suggesting a potential delay in OpenAI's IPO, now possibly set for 2027. Concerns regarding rising costs of memory and storage components, particularly affecting companies like Apple, are adding to market pressures. Additionally, expectations of a Federal Reserve interest-rate hike contribute to bearish sentiment. Oil prices also dropped by around 3% amidst ongoing tensions in the Strait of Hormuz.

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LIVE Updated 27 mins ago

Stock market today: Dow, S&P 500, Nasdaq slide as report of OpenAI IPO delay rattles techs

Amalya Dubrovsky and Karen Friar

Updated Fri, June 26, 2026 at 9:37 AM EDT1 min read

Tech led a retreat in US stocks on Friday, as a report of a potential delay to OpenAI's ( OPAI.PVT) IPO added to the headwinds that have whipsawed markets this week.

The tech-heavy Nasdaq Composite ( ^IXIC) tumbled 1.1%, while the S&P 500 ( ^GSPC) moved down 0.6% after both indexes closed lower Thursday for the fourth straight time this week. The Dow Jones Industrial Average ( ^DJI), which includes fewer tech names, declined 0.3%.

52,126.00 -213.00 (-0.41%)

As of 9:55:04 AM EDT. Market Open.

YM=FES=F NQ=F

Concerns are growing that the skyrocketing cost of memory and storage components could hit device makers, after Apple ( AAPL) raised prices of its MacBooks and iPads. Memory chipmaker Micron's ( MU) stellar earnings showed the squeeze is set to continue.

At the same time, a New York Times report that OpenAI is considering pushing back its mega-IPO until 2027 is also dragging on the appetite for tech.

The AI trade was already under pressure as bets grow on a Federal Reserve interest-rate hike this year. A hot May reading of the Fed's preferred inflation gauge, the Personal Consumption Expenditures index, kept that prospect alive.

Meanwhile, oil prices slumped around 3% as tanker traffic continued in the Strait of Hormuz despite an attack on a container ship. Brent crude futures ( BZ=F) sank to about $73 a barrel, while WTI crude ( CL=F) traded below $70. While the US and Iran have agreed on a 60-day ceasefire, reports of turmoil in the key waterway continue to emerge as Tehran eyes imposing charges for transit.