Wall Street tumbles at open on retail gloom, tech concerns

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Wall Street tumbles at open on retail gloom, tech concerns

(Reuters) – U.S. stocks opened sharply lower on Tuesday as poor forecasts from retailers for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones.

The Dow Jones Industrial Average (DJI) fell 398.76 points, or 1.59 percent, at the open to 24,618.68.

The S&P 500 (SPX) opened lower by 36.13 points, or 1.34 percent, at 2,654.60. The Nasdaq Composite (IXIC) dropped 161.05 points, or 2.29 percent, to 6,867.43 at the opening bell.

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