Wall St opens lower as growth stocks rally wanes, Target slumps By Reuters

© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. REUTERS/Brendan McDermid

(Reuters) - U.S. stock indexes opened lower on Wednesday as a rally in growth shares faded and downbeat results from retailer Target Corp (NYSE:TGT) added to worries over surging inflation.

The Dow Jones Industrial Average fell 185.92 points, or 0.57%, at the open to 32,468.67. The S&P 500 opened lower by 36.87 points, or 0.90%, at 4,051.98, while the Nasdaq Composite dropped 193.84 points, or 1.62%, to 11,790.68 at the opening bell.

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