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(Reuters) – Wall Street’s main indexes opened lower on Tuesday after Walmart (NYSE:WMT)’s profit warning heightened fears in the retail sector that consumers were cutting back on discretionary spending in the face of decades-high inflation.
The Dow Jones Industrial Average fell 40 points, or 0.13%, at the open to 31,950.04. The S&P 500 opened lower by 13.62 points, or 0.34%, at 3,953.22, while the Nasdaq Composite dropped 81.13 points, or 0.69%, to 11,701.53 at the opening bell.
