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WSJ Minute Briefing

OpenAI’s Missed Targets Send Jitters Through Markets

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 28 April 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

The AI company missed internal revenue and user targets. Plus: Spotify shares fall after missing analyst expectations. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's your closing bell brief for Monday, April 28th. I'm Catherine Sullivan for the Wall Street Journal.

0:10.5

U.S. stocks finished lower today as technology shares pulled back. The NASDAQ led the decline with a drop of 0.9%.

0:17.6

The S&P 500 dropped half a percent, and the Dow dropped a tenth.

0:23.0

Artificial intelligence companies struggled following a report that OpenAI missed internal

0:28.2

revenue and user targets. In the energy market, oil prices climbed after a proposal to

0:33.5

reopen the Strait of Hormuz was met with skepticism. United States crude rose 3.7% to end near $100 a barrel.

0:42.4

Among individual companies, Oracle shares fell about 4% today. The drop followed the report of OpenAI's

0:48.8

missed targets. Oracle maintains a $300 billion data center deal with the startup.

0:55.1

Spotify shares tumbled 12% during the session.

0:58.4

The streaming service issued a subscriber growth forecast that missed analyst expectations.

1:03.6

Investors worry that a recent price increase may be deterring new customers.

1:08.5

Coca-Cola shares rose 4% after reporting its latest results. The beverage giant

1:13.7

beat expectations for both earnings and revenue. UPS shares dropped 4% in today's trading. The delivery

1:22.0

company reported lower profit and revenue for the first quarter. And Hilton Worldwide shares slipped 3%.

1:28.8

The hotel operator reported quarterly revenue that fell short of analyst estimates.

1:33.8

Heads up, an artificial intelligence tool helped us make this episode by creating

1:37.4

summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

1:41.9

We'll have a lot more coverage of the day's news on the

1:44.4

WSJ's What's News podcast. You can add it to your playlist on your smart speaker,

1:48.8

or listen and subscribe wherever you get your podcasts.

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