US STOCKS-Market opens lower on profit-taking, oil

Newswire

(Updates to open) NEW YORK, Oct 29 (Reuters) - U.S. stocks fell at the open on Wednesday as investors locked in profits after Tuesday's steep gains and retailers' shares fell as oil prices rose, eclipsing optimism about a possible interest-rate cut. The Dow Jones industrial average fell 53.29 points, or 0.59 percent, to 9,011.83, while the Standard & Poor's 500 Index slid 6.21 points, or 0.66 percent, to 934.30. The Nasdaq Composite Index was down 11.56 points, or 0.70 percent, at ...

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