Tuesday, February 26, 2008

Wall Street Opens Lower

Stocks are falling in the first minutes of trading after the government reported that core wholesale prices shot up more than expected last month. The Labor Department report is reinforcing the market's worries about rising inflation.
Uncertainty about the retail sector is also weighing on stocks. Home Depot Inc. says it expects sales to decline up to 5 percent this year as it contends with a slowing housing market.
In the early going, the Dow Jones industrial average has fallen about 23 points to the 12,547 level.

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