Stocks open lower; H-P, retailers slump

In this Jan. 31, 2011 photo, trader Michael Urkonis, center, uses his handheld device as he works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

February 23, 2012 7:12:00 AM PST
Stocks are opening lower on Wall Street after retailers reported disappointing earnings and computer maker Hewlett-Packard issued a weak profit forecast.