Wall Street's main indexes opened largely muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in Tesla provided some support.
The Dow Jones Industrial Average rose 130.6 points, or 0.25%, at the open to 52,308.28. The S&P 500 rose 1.3 points, or 0.02%, at the open to 7,745.32, while the Nasdaq Composite dropped 60 points, or 0.22%, to 26,652.985 at the opening bell.
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US stocks: S&P 500 muted as AI concerns hit chip stocks; bank gains lift Dow
On Friday, Wall Street displayed a mixed performance as investors expressed apprehensions regarding the influence of the AI sector on semiconductor stocks.
- Published by
- The Economic Times
- Published
- Length
- 83 words · 1 min
Where this came from
This story was reported and first published by The Economic Times on 16 October 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.