New Delhi, July 17 -- US stock markets ended lower on Friday as investors continued to dump semiconductor shares amid valuation concerns, while a disappointing outlook from Netflix further dampened sentiment across the technology sector.

As of 10 a.m. Eastern Time, the S&P 500 dropped 0.8%, the Dow Jones Industrial Average was down 0.1%, and the Nasdaq Composite was 1.7% lower.

At the opening bell, the Dow Jones Industrial Average fell 126.5 points, or 0.24%, to 52,426.46. The S&P 500 fell 86.2 points, or 1.14%, to 7,447.52​, while the Nasdaq Composite dropped 469.7 points, or 1.81%, to 25,412.259.

Investor caution also intensified after Chinese AI startup Moonshot AI unveiled a new artificial intelligence model that analysts bel...