Wall St opens lower as Walmart warning rattles retail shares By Reuters

© Reuters. Traders work on Kunlun International Forex Platformthe floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid

(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.

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