Markets Open Flat
Wall Street opened flat, possibly digesting weak June retail numbers released this morning.
In the first 20 minutes of trading, the Dow is down about 5 points, or an insignificant percentage.
The broader S&P 500 and the tech-heavy Nasdaq are both up about the same amount the Dow is down.
Bargain retailer Costco reported a 6 percent drop in same-store sales during this June, compared to last year, in line with Wall Street expectations.
Target's same-store June sales were down 6.2 percent, worse than Wall Street expected.
Analysts blamed rising unemployment and wet weather, which discouraged shoppers from buying summer clothes.
The comments to this entry are closed.