U.S. stocks open lower

The U.S. stock market opened sharply lower on Wednesday, extending declines to four consecutive days, after surprisingly weak December retail sales triggered fears that falling oil prices are not having a desired positive effect on consumer spending. Disappointing results from banking giant J.P. Morgan Chase & Co. as well the World Bank’s downward revisions to its global growth forecast also weighed on equities. The S&P 500 SPX, -0.91% opened down 17 points, or 0.8%, at 2,006.The Dow Jones Industrial Average DJIA, -1.16% dropped 190 points, or 1%, to 17,423 at the open. The Nasdaq Composite COMP, -0.66% began the day down 41 points, or 0.9%, at 4,620.

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