Wall Street Opens Lower on Tech Selloff
Wall Street indexes opened lower as a tech selloff deepened and telecom stocks tumbled on worries over SpaceX wireless plans. Investors also weighed upcoming earnings and Middle East supply concerns.
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Wall Street equity futures dropped Friday morning following an artificial intelligence-led selloff and telecom losses triggered by competitive pressure fears. The downturn follows a 3% decline in the Nasdaq during the previous session. Investors are scaling back high-valuation technology exposure ahead of upcoming mega-cap earnings reports.
