US stocks Today | US stocks open lower as chip stocks resume slide
Indian markets witnessed a dip on Friday, with technology stocks, particularly chipmakers, facing renewed selling pressure. Investors are now scrutinizing the elevated valuations of these companies and the substantial investments being poured into...
By Reuters |
AP
Wall Street's main indexes fell on Friday, as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the repercussions of massive AI spending by companies.
The Dow Jones Industrial Average fell 116.9 points, or 0.23%, to 51803.77. The S&P 500 fell 44.7 points, or 0.61%, to 7312.74, while the Nasdaq Composite dropped 253.2 points, or 1.00%, to 25105.414 at the opening bell.
The Dow Jones Industrial Average fell 116.9 points, or 0.23%, to 51803.77. The S&P 500 fell 44.7 points, or 0.61%, to 7312.74, while the Nasdaq Composite dropped 253.2 points, or 1.00%, to 25105.414 at the opening bell.
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