July 17 (Reuters) – Wall Street’s main indexes opened lower on Friday, with a reassessment of this year’s AI-fueled rally by investors deepening a selloff in chip stocks and a weak forecast from Netflix adding to the pressure.
The Dow Jones Industrial Average fell 126.5 points, or 0.24%, at the open to 52,426.46. The S&P 500 fell 86.2 points, or 1.14%, at the open to 7,447.52, while the Nasdaq Composite dropped 469.7 points, or 1.81%, to 25,412.259 at the opening bell.
(Reporting by Ragini Mathur in Bengaluru; Editing by Joyjeet Das)
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