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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