The markets opened lower as investors worried about weak retail sales. The Dow lost 24 points to 12,852 while Nasdaq slipped 3 points to 2485.
On the upside
Wal-Mart Stores (NYSE: WMT) posted higher profits, but its outlook was muted by higher energy and food costs.
On the downside
In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by 10 to 9 on Nasdaq. The
Russell 2000 which tracks small cap stocks slipped a point to 732.