US: Wall St opens lower as Target's margin warning fuels demand worries

WALL Street’s main indexes opened lower on Tuesday, after Target Corp’s quarterly margin forecast cut raised worries about slowing demand in an inflationary environment and dragged down retail shares.

The Dow Jones Industrial Average fell 132.75 points or 0.40 per cent, at the open to 32,783.03.

The S&P 500 opened lower by 24.96 points or 0.61 per cent at 4,096.47, while the Nasdaq Composite dropped 135.56 points or 1.12 per cent to 11,925.81 at the opening bell. REUTERS