Wall Street Opens Lower on Grim Sales Outlook From Target

Traders work on the floor of the New York Stock Exchange during morning trading in New York on Nov. 2, 2022. (Michael M. Santiago/Getty Images)

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.