India, Oct. 23 -- Wall Street opened lower on Friday, October 23, 2026, as investors remained cautious following a sharp sell-off in technology and artificial intelligence-related stocks in the previous session. Concerns about escalating Middle East tensions, rising crude oil prices and the outlook for AI spending added to market uncertainty, while telecom stocks faced pressure amid concerns about intensifying competition from SpaceX.

According to Reuters, the Dow Jones Industrial Average fell 171.30 points, or 0.32%, to 52,696.70 at the opening bell. The S&P 500 declined 26.20 points, or 0.34%, to 7,637.18, while the Nasdaq Composite dropped 114.90 points, or 0.44%, to 25,893.95.

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