Wall Street falls as chip stocks decline
Dow Jones Industrial Average
S&P 500 index
NASDAQ
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June 26 (Reuters) - Wall Street's main indexes opened lower on Friday, with chip stocks facing renewed selling pressure after their strong performance this quarter, as investors questioned high valuation levels and the implications of companies' massive spending on artificial intelligence.
The Dow Jones Industrial Average fell 116.9 points, or 0.23 percent, to 51,803.77.
The Standard & Poor's 500 index opened down 44.7 points, or 0.61 percent, at 7312.74.
The Nasdaq Composite Index lost 253.2 points, or one percent, to 25,105.414 points.