Wall Street Slides at Open as Walmart, Home Depot Forecasts Disappoint
Wall Street’s main stock indexes opened lower on Tuesday as retailers Walmart and Home Depot delivered a double blow to traders returning after a long weekend amid worries that interest rates will remain higher for longer.
The Dow Jones Industrial Average fell 127.00 points, or 0.38 percent, at the open to 33,699.69. The S&P 500 opened lower by 26.74 points, or 0.66 percent, at 4,052.35, while the Nasdaq Composite dropped 146.90 points, or 1.25 percent, to 11,640.37 at the opening bell.
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