US stock indices slumped on Friday as AI worries dragged on tech stocks, while hotter-than-expected inflation data also dampened investor sentiments.
At the opening bell, the Dow Jones Industrial Average fell 245.6 points, or 0.50%, to 49253.57. The S&P 500 fell 52.3 points, or 0.76%, to 6856.54, while the Nasdaq Composite dropped 263.0 points, or 1.15%, to 22615.429.