Markets Right Now: Banks lead stocks lower on Wall Street
NEW YORK — The latest on developments in financial markets (All times local):
9:35 a.m.
Stocks are opening modestly lower on Wall Street, led by a pullback in banks.
Earnings from big retailers were also a focus for investors early Wednesday.
Home improvement retailer Lowe’s sank 4 percent after saying its earnings were held back in the last quarter by weak traffic in its stores.
Target jumped 9 percent after reporting strong sales and releasing an optimistic forecast for the holiday shopping season.