US: Wall St subdued at open as Cisco, Walmart weigh

WALL Street’s main indexes edged lower at open on Thursday (Nov 16), weighed down by a drop in shares of Cisco and Walmart on underwhelming forecasts, while optimism around peaking interest rates waned.

The Dow Jones Industrial Average fell 123.18 points, or 0.35 per cent, at the open to 34,868.03.

The S&P 500 opened lower by 5.80 points, or 0.13 per cent, at 4,497.08, while the Nasdaq Composite dropped 36.96 points, or 0.26 per cent, to 14,066.88 at the opening bell. REUTERS