US stocks open lower
BUSINESS / 15 Jan '13, 5:26pmBy: SAPA
US stocks are opening lower on Wall Street after the government reported that retail spending rose only modestly between November and December, a critical period for stores.
The Commerce Department said retail sales rose 0.5 percent in December from November.
File imag. Credit: THE PHOTO HOLIC
The Dow Jones industrial average was down 33 points at 13,474 shortly after the opening bell Tuesday. The Standard & Poor's 500 index was off five at 1,465. The Nasdaq composite was down 17 points at 3,100.
High-end yoga wear maker Lululemon Athletica dropped 7 percent after the company issued a revenue forecast that was below the forecasts of Wall Street analysts.
RadioShack rose 2 percent after the electronics retailer said it would close down its mobile phone centers in Target stores, an operation that analysts see as a money-loser. - Sapa-AP