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Wall St opens lower as virus fears eclipse upbeat retail sales

Credit: REUTERS/BRENDAN MCDERMID

U.S. stocks opened lower on Thursday as concerns about the economic toll of another round of coronavirus-driven shutdowns across the United States offset data showing a higher-than-expected rise in domestic retail sales in June.

July 16 (Reuters) - U.S. stocks opened lower on Thursday as concerns about the economic toll of another round of coronavirus-driven shutdowns across the United States offset data showing a higher-than-expected rise in domestic retail sales in June.

The Dow Jones Industrial Average .DJI fell 123.53 points, or 0.46%, at the open to 26,746.57. The S&P 500 .SPX opened lower by 18.20 points, or 0.56%, at 3,208.36, while the Nasdaq Composite .IXIC dropped 106.62 points, or 1.01%, to 10,443.87 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)

((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Twitter: https://twitter.com/medhasinghs))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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