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US: Stocks open lower on weak retail data; Cisco drags

[BENGALURU] US stocks opened lower on Friday, weighed down by weak October retail sales data and disappointing forecasts from department store chains as well as Cisco.

About 30 minutes after the opening bell, the Dow Jones industrial average fell 120 points, or 0.68 per cent, to 17,324. The S&P 500 lost 13 points, or 0.63 per cent, to 2,033 and the Nasdaq Composite dropped 42 points, or 0.84 per cent, to 4,964.


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