Tech Stocks Crumble Amid Cost Pressures

Tech stocks crashed Friday as Apple’s chip cost woes sent shares down 6%, while whispers of OpenAI delaying its IPO sent shivers through markets. Oil prices also tumbled toward a four-month low, despite lingering Middle East tensions, as Saudi Aramco’s terminal restart added to supply pressure. Investors braced for inflation fears as big tech passes on costs after a strong run, dragging Nasdaq and S&P futures lower — with the Dow expected to dip too. Meanwhile, the yen hit a 40-year low against the dollar, despite solid U.S. data hinting at a possible Fed pause in September. Markets are clearly shifting — and anxiety is rising. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7ccbe282bd5c9df9