US STOCKS SNAPSHOT-Wall St opens lower after AI rout; SpaceX worries hit telecoms

By Reuters News13:33 (UTC), 23 October 2026 Updated

Oct 23 (Reuters) - 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 .DJI fell 171.3 points, or 0.32%, at the open to 52,696.7. The S&P 500 .SPX fell 26.2 points, or 0.34%, at the open to 7,637.18, while the Nasdaq Composite .IXIC dropped 114.9 points, or 0.44%, to 25,893.953 at the opening bell.

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