US: Wall St slides at open as Walmart, Home Depot forecasts disappoint

WALL Street’s main stock indexes opened lower on Tuesday (Feb 21) as retailers Walmart and Home Depot delivered a double blow to traders returning after a long weekend amid worries that interest rates will remain higher for longer.

The Dow Jones Industrial Average fell 127.00 points, or 0.38 per cent, at the open to 33,699.69.

The S&P 500 opened lower by 26.74 points, or 0.66 per cent, at 4,052.35, while the Nasdaq Composite dropped 146.90 points, or 1.25 per cent, to 11,640.37 at the opening bell. REUTERS