Wall Street Subdued at Open as Cisco, Walmart Weigh

Wall Street Subdued at Open as Cisco, Walmart Weigh
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 26, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes edged lower at open on Thursday, 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 percent, at the open to 34,868.03. The S&P 500 opened lower by 5.80 points, or 0.13 percent, at 4,497.08, while the Nasdaq Composite dropped 36.96 points, or 0.26 percent, to 14,066.88 at the opening bell.