India, June 26 -- US stock markets opened lower on Friday. The three major indexes started the day in the red after investors sold technology stocks. Shortly after the opening bell (9:30 a.m. ET), the S&P 500 fell 0.7%. The Nasdaq Composite dropped 1.1% at the open.

The tech-heavy index was the biggest loser among the three major indexes. The Dow Jones Industrial Average fell 237 points, or 0.5%, soon after trading began. Later in the trading session, losses became smaller. The S&P 500 and Dow traded near the flat line, while the Nasdaq was down about 0.3%.

Investors became worried after a report said OpenAI may delay its IPO until next year, as per New York Times. The report said OpenAI is thinking about delaying its IPO because of Spa...