Wall St opens lower as chip stocks resume slide

[NEW YORK] Wall Street’s main indexes fell on Friday (Jun 26), 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 per cent, to 51,803.77.

The S&P 500 fell 44.7 points, or 0.61 per cent, to 7,312.74​, while the Nasdaq Composite dropped 253.2 points, or 1.00 per cent, to 25,105.414 at the opening bell. REUTERS