Wall St opens lower after AI rout; SpaceX worries hit telecoms

Oct 23 (Reuters) Wall Street s main indexes opened lower ​on Friday ‌as caution prevailed after a sharp selloff in AI-linked ‌stocks, ​while telecom ⁠stocks tumbled ⁠on fears that intensified competition from SpaceX could erode ​their market share. The Dow Jones ⁠Industrial ⁠Average fell 171.3 ​points, or 0.32%, ​at the open to ‌52,696.7. The S P 500 fell 26.2 points, ⁠or 0.34%, at the open to 7,637.18, while ⁠the ‌Nasdaq Composite ⁠dropped 114.9 ​points, ‌or 0.44%, to ​25,893.953 at ⁠the opening bell. (Reporting by Ragini Mathur in Bengaluru; Editing by Shinjini ​Ganguli)