Wall Street Opens Lower as Retail Sales Data Stokes Rate Concerns

A Wall Street sign is pictured outside the New York Stock Exchange in New York on Oct. 28, 2013. Carlo Allegri/Reuters

Wall Street’s main indexes opened lower on Tuesday after a sharper-than-expected rise in U.S. retail sales stoked concerns the Federal Reserve could keep interest rates higher for longer.

The Dow Jones Industrial Average fell 88.26 points, or 0.25 percent, at the open to 35,219.37. The S&P 500 opened lower by 10.85 points, or 0.24 percent, at 4,478.87, while the Nasdaq Composite dropped 27.85 points, or 0.20 percent, to 13,760.48 at the opening bell.