U.S. stocks opened lower as investors assess fresh retail sales data that came in slightly above expectations. The Dow Jones Industrial Average was down 0.2% soon after the opening bell, while the S&P 500 fell 0.4% and the Nasdaq Composite dropped 0.9%, according to FactSet data, at last check. The U.S. Commerce Department said Wednesday that sales at retailers rose 1.3% in October. That’s slightly above the 1.2% increase forecast by economists polled by The Wall Street Journal. The Federal Reserve has been trying to cool the economy and bring down inflation through monetary tightening.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- Philips says it will cut 6,000 extra jobs by 2025 - January 30, 2023
- Dow Jones Newswires: Adani shares mixed after 413-page response to Hindenburg - January 30, 2023
- Dow Jones Newswires: Ryanair swings to forecast-beating profit, backs full-year forecast - January 30, 2023
