U.S. equity indexes opened lower Wednesday on renewed worries about U.S. trade relations and domestic policy, in jeopardy of reversing the previous session's healthy gains. The S&P 500 index traded 0.3% lower at 2,444, while the Dow Jones Industrial Average was 0.4% down at 21,821. Meanwhile, the Nasdaq Composite Index declined 0.3% to 6,274 after ending producing the sharpest rise of the three major equity benchmarks in the previous session. Late Tuesday, President Donald Trump at a rally in Phoenix said he was willing to risk a government shutdown to ensure funding for the construction of a wall along the U.S.-Mexico border. In corporate news, Lowe's Cos. slipped 4.9% following weaker-than-expected earnings for the home-improvement company. Shares of Dow-component Home Depot Inc. , a rival to Lowe's, also fell and was the worst performer among blue-chips in early trade. Separately, London-traded shares of advertising giant WPP PLC tumbled 10.4% as it cut its growth outlook. Salesforce.com Inc. dipped 0.8%, even after reporting better-than-expected earnings late Tuesday.
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