Street Wire: Stocks Fall at Open on Weak Housing Data
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Stocks opened broadly lower Wednesday, hurt by a weak reading on May housing construction
and a tepid forecast from economic bellwether FedEx
). The blue-chip Dow Jones Industrial Average
) gapped down 39 points to 10,355, while the broader S&P 500 ($INX
) fell 5 to 1,110. The tech-heavy Nasdaq Composite ($COMPX
) lost 10 points to 2,296 soon after the opening bell.