June 26 (Reuters) – 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 […]
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Wall St opens lower as chip stocks resume slide
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June 26 (Reuters) – 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.
(Reporting by Joel Jose in Bengaluru; Editing by Joyjeet Das)