U.S. stock prices are opening lower as traders digest some mixed corporate earnings and a weak indicator on the Chinese economy.
The Standard & Poor's 500 index fell 11 points, or 0.6 percent, to 1,928 in the first few minutes of trading Tuesday.
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The Dow Jones industrial average fell 84 points, or 0.5 percent, to 16,483. The Nasdaq composite lost 29 points, or 0.7 percent, to 4,355.
Target fell 4 percent after the company lowered its second-quarter earnings forecast, citing promotional discounts it had to use to attract shoppers.
In China, a purchasing managers' index by HSBC showed the services industry grew in July at the slowest rate last month since November 2005.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.50 percent.