US STOCKS-Wall St opens lower on inflation, jobs worry
(Updates to open)
NEW YORK, Aug 14 (Reuters) - U.S. stocks opened lower on Thursday following data that showed consumer price pressures mounted in July and the labor market weakened, clouding the corporate profit outlook.
Shares of Wal-Mart Stores Inc (WMT.N) fell more than 1 percent after the world's largest retailer posted a 17 percent rise in its second-quarter profit but also forecast profit for the current quarter that could miss Wall Street targets. For details, see [ID:nN14405763].
The Dow Jones industrial average .DJI fell 57.23 points, or 0.50 percent, at 11,475.73, while the Standard & Poor's 500 Index .SPX declined 7.70 points, or 0.60 percent, at 1,278.13. The Nasdaq Composite Index .IXIC was down 9.99 points, or 0.41 percent, at 2,418.63.
(Reporting by Walter Brandimarte; Editing by Kenneth Barry)
