Wall Street opens lower, hurt by energy, tax reform concerns

US stock indices opened the third session of the week lower, dragged down by the energy sector, amid concerns about the different versions of tax reform bills between the Senate and the House of Representatives, and as the third-quarter earnings season wraps up, following a basket of data from the world's largest economy. 

Earlier US data showed consumer prices rose just 0.1% in October in line with expectations, down from September's 0.6% increase, while core prices, excluding food and fuel, rose 0.2% m/m, matching forecasts and above September's 0.1% reading. 

US retail sales rose 0.2% m/m in October, beating expectations of no-change and slowing down sharply from September's 1.9% rise, revised higher from 1.6%, while core sales, excluding automobiles, rose 0.1%, below expectations of 0.2%, and compared to September's 1.2% rise, revised higher as well from 1.0%. 

The Empire State Manufacturing Index slid in November to 19.4, missing expectations of 25.5 and sharply down from October's 30.2. 

As of 04:19 GMT, Standard and Poor's 500 shed 0.54%, or 13.99 points to 2,565.07, while Dow Jones slid 0.56%, or 132.18 points to 23,277.29. 

Tech-heavy NASDAQ tumbled 0.58%, or 30.31 points to 6,698.09.