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Wall St drops as growth stocks slide, Target weighs on retail shares ReutersDow falls 200 points as rally fizzles, Fed minutes ahead CNBCNasdaq Futures Retreat Sharply As Investors Look Ahead To Retail Sales Data, FOMC Minutes; Apple Doesn't BenzingaDow climbs as Walmart, Home Depot boost optimism ReutersDow Jones Slides Ahead Of Fed Minutes; BBBY Stock Skyrockets 45% Investor's Business DailyView Full Coverage on Google News
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U.S. stocks opened lower Wednesday as investors digested a report showing U.S. retail sales were flat in July. The Dow Jones Industrial Average was trading 0.7% lower soon after the opening bell, while the S&P 500 fell 0.9% and the Nasdaq Composite declined around 1%, according to FactSet data, at last check. The U.S. Census Bureau said Wednesday that retail sales were flat in July, while economists polled by The Wall Street Journal had forecast a 0.1% rise. Investors are looking ahead to the minutes of the Federal Reserve's July 26-27 policy meeting, which will be released at 2 p.m. Eastern Time.
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