S&P 500, Nasdaq Slip at Open as Retail Earnings Kick Off

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, on Aug. 8, 2022. (Andrew Kelly/Reuters)

The S&P 500 and the Nasdaq opened lower on Tuesday as investors assessed results from retailers Walmart and Home Depot, while signs of a slowing global economy continued to keep markets on edge.

The Dow Jones Industrial Average rose 11.91 points, or 0.04 percent, at the open to 33,924.35.

The S&P 500 opened lower by 6.68 points, or 0.16 percent, at 4,290.46, while the Nasdaq Composite dropped 45.41 points, or 0.35 percent, to 13,082.64 at the opening bell.