Wall Street Opens Lower on Grim Sales Outlook From Target

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Wall Street’s main indexes opened lower on Wednesday after top retailer Target’s dour holiday forecast stoked fears of inflation hurting a crucial business season for retailers.

The Dow Jones Industrial Average fell 38.0 points, or 0.11 percent, at the open to 33,554.93. The S&P 500 fell 14.9 points, or 0.37 percent, at the open to 3,976.82​, while the Nasdaq Composite dropped 98.3 points, or 0.87 percent, to 11,260.095 at the opening bell.

Reuters

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