Wall Street opens lower; Gap, Nordstrom sink on weak results
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The Associated Press
Stocks are opening lower on Wall Street as the market continues an unsettled period of trading ahead of the Thanksgiving holiday in the U.S. The S&P 500 gave back 0.3% in the early going Wednesday. The benchmark index, which set a record high last Thursday, was weighed down by losses in technology and consumer-focused companies. Tesla fell nearly 4%, while Gap sank 20% after reporting results that came in far below analysts’ forecasts. Nordstrom gave up 25% after it also reported very weak results. European markets were lower and Asian markets closed mixed. Crude oil prices slipped.Â