US stocks retreat from record highs.

US stocks closed lower on April 28, after hitting record highs, as renewed concerns about the boom in Artificial Intelligence (AI) weighed on technology stocks just days before five of the sector's most prominent companies released their quarterly earnings.

Traders at the New York Stock Exchange, USA. Photo: THX/VNA

At the close of trading, the S&P 500 index fell 34.81 points, or 0.49%, to 7,139.1 points; the Nasdaq Composite index fell 222.37 points, or 0.89%, to 24,664.73 points; and the Dow Jones index fell 20.44 points, or 0.06%, to 49,147.35 points.

Semiconductor stocks, which have risen more than 40% year-to-date, dragged down the Nasdaq Composite. OpenAI failed to meet its internal targets for weekly users and revenue, raising concerns about the AI ​​giant's ability to sustain its massive investment in data centers. Oracle shares fell, as the company relies on OpenAI in its AI cloud infrastructure development strategy. Shares of chipmakers such as Nvidia, AMD, and Broadcom ended the session sharply lower. CoreWeave, a company that received investment from Nvidia, was also affected.

The first-quarter earnings reporting season is entering its peak this week, with five of the top seven AI-related companies expected to release results. Alphabet, Amazon, Meta Platforms, and Microsoft are expected to report on April 29th, followed by Apple on April 30th.

Regarding U.S. monetary policy, the Federal Reserve (Fed) is likely to keep its key interest rate unchanged at the close of its meeting on April 29, but the accompanying statement and subsequent press conference by Chairman Jerome Powell will be closely scrutinized to understand policymakers' views on inflation risks related to the surge in energy prices due to conflict in the Middle East.

Regarding the conflict, US President Donald Trump is dissatisfied with Iran's latest peace proposal, arguing that it will delay negotiations on the nuclear issue. This new development dampens optimism that the conflict, which has shaken world markets and driven energy prices soaring, could soon be resolved.

In Vietnam, at the close of trading on April 28, the VN Index rose 22.55 points (1.22%) to 1,875.84 points, while the HNX-Index closed down 2.51 points (1%) at 249.44 points.

Source: https://baotintuc.vn/kinh-te/chung-khoan-my-lui-khoi-cac-muc-cao-ky-luc-20260429074349815.htm