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Wall Street opens lower;  Gap and Nordstrom sink

NEW YORK (AP) – Stocks on Wall Street fell in early morning trading on Wednesday, as the market continued shaky trading ahead of the Thanksgiving holiday.

Tech stocks weighed the most in the overall market. Autodesk tumbled 16.6% after the design software company warned investors that the pace of its recovery has been hit by supply chain problems and inflationary pressure.

Several retail chains, a sector that relies heavily on direct consumer spending, also fell sharply. Gap plunged 23.1% after the apparel chain said supply chain problems affected its third-quarter earnings and revenue.

Department store operator Nordstrom plunged 29.4% after reporting weak earnings in the third quarter.

At 11:06 in the morning, the S&P 500 index fell 0.17% while the Dow Jones industrial average lost 0.21%. The Nasdaq barometer fell 0.28%.

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