U.S. stocks opened lower Tuesday as Treasury yields climbed after fresh economic data showed retail sales rose in September more than forecast. The Dow Jones Industrial Average DJIA was down 0.3% soon after the opening bell, while the S&P 500 SPX shed 0.7% and the Nasdaq Composite COMP fell 1.
1%, according to FactSet data, at last check. U.S. retail sales increased 0.7% last month, the Census Bureau said Tuesday. That’s much stronger than the 0.2% rise forecast from economists polled by the Wall Street Journal as consumers continued to spend in September. Yields in the Treasury market jumped after the retail sales report,...
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