Wall Street opens lower as retail sales data stokes rate concerns

Wall Street’s main indexes opened lower on Tuesday after a sharper-than-expected rise in U.S. retail sales stoked concerns the Federal Reserve could keep interest rates higher for longer.

The Dow Jones Industrial Average fell 88.26 points, or 0.25%, at the open to 35,219.37.

The S&P 500 opened lower by 10.85 points, or 0.24%, at 4,478.87, while the Nasdaq Composite dropped 27.85 points, or 0.20%, to 13,760.48 at the opening bell.