Wall Street's main indexes opened lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks, while telecom stocks tumbled on fears that intensified competition from SpaceX could erode their market share.
The Dow Jones Industrial Average fell 171.3 points, or 0.32%, at the open to 52,696.7. The S&P 500 fell 26.2 points, or 0.34%, at the open to 7,637.18, while the Nasdaq Composite dropped 114.9 points, or 0.44%, to 25,893.953 at the opening bell.
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US stocks today: US stocks open lower after AI rout; SpaceX worries hit telecoms
Wall Street's main indexes open lower as investors remain cautious after a sharp selloff in AI-linked stocks. Telecom shares also fall on concerns that intensifying competition from SpaceX could pressure market share. The Dow Jones, S&P 500 and Nasdaq all decline at the opening bell.
- Published by
- The Economic Times
- Published
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- 87 words · 1 min
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This story was first published by The Economic Times on 23 Oct 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.