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Wall Street opens lower as virus fears eclipse upbeat retail sales

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. (REUTERS/Lucas Jackson)

BY MEDHA SINGH

U.S. stocks opened lower on Thursday as concerns about the economic toll of another round of coronavirus-driven shutdowns across the United States offset data showing a higher-than-expected rise in domestic retail sales in June.

The Dow Jones Industrial Average <.DJI> fell 123.53 points, or 0.46%, at the open to 26,746.57. The S&P 500 <.SPX> opened lower by 18.20 points, or 0.56%, at 3,208.36, while the Nasdaq Composite <.IXIC> dropped 106.62 points, or 1.01%, to 10,443.87 at the opening bell.

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