Wall Street Subdued at Open as Cisco, Walmart Weigh

November 16, 2023Updated: November 16, 2023

Wall Street’s main indexes edged lower at open on Thursday, weighed down by a drop in shares of Cisco and Walmart on underwhelming forecasts, while optimism around peaking interest rates waned.

The Dow Jones Industrial Average fell 123.18 points, or 0.35 percent, at the open to 34,868.03. The S&P 500 opened lower by 5.80 points, or 0.13 percent, at 4,497.08, while the Nasdaq Composite dropped 36.96 points, or 0.26 percent, to 14,066.88 at the opening bell.

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