Wall Street indices decline under pressure from chip stocks and Netflix forecasts
Major indices on Wall Street began Friday's trading lower as a sell-off in chip stocks intensified amid investor assessment of the market's rally this year supported by artificial intelligence technology, while pressure mounted following weak forecasts from Netflix.
The Dow Jones Industrial Average fell 126.5 points, or 0.24%, to 52426.46 points.
Insider selling at US companies jumps to $77.6 billion in first half
The S&P 500 opened down 86.2 points, or 1.14%, at 7447.52 points, according to Reuters.
The Nasdaq Composite dropped 469.7 points, or 1.81%, to 25412.259 points.
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Original source: Al Arabiya
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