Wall Street falls on deepening selloff in chip stocks, Netflix slumps

US equity benchmarks declined on Friday as a selloff in chip stocks deepened and a weak forecast from Netflix added to pressure. At the opening bell, the Dow Jones fell 126.5 points (0.24%) to 52,426.46, the S&P 500 dropped 86.2 points (1.14%) to 7,447.52, and the Nasdaq Composite declined 469.7 points (1.81%) to 25,412.26.