Wall Street Opens Lower Amid AI Selloff and SpaceX Concerns Wall Street's main indexes began the day in the red on Friday, as investors remained cautious following a significant decline in AI-linked stocks. The Dow Jones Industrial Average fell 171.3 points, or 0.32 percent, to 52,696.7 at the open, while the S&P 500 dropped 26.2 points, or 0.34 percent, to 7,637.18. The Nasdaq Composite also declined, losing 114.9 points, or 0.44 percent, to 25,893.953. The telecom sector was particularly hard hit, with stocks tumbling on concerns that intensified competition from SpaceX could erode their market share. This development has sparked worries among investors, leading to a decline in the sector. The current market volatility is being closely watched, with investors monitoring the situation closely. The impact of the AI selloff and SpaceX concerns on the market will likely continue to be a major focus in the coming days.