Dow falls slightly as U.S. stocks open lower after retail sales report

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U.S. stocks opened lower as investors assess fresh retail sales data that came in slightly above expectations. The Dow Jones Industrial Average DJIA, -0.08% was down 0.2% soon after the opening bell, while the S&P 500 SPX, -0.64% fell 0.4% and the Nasdaq Composite COMP, -1.29% 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.

This article was originally published by Marketwatch.com. Read the original article here.

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