Stocks fall at open - WKOW 27: Madison, WI Breaking News, Weather and Sports

Stocks fall at open

NEW YORK (AP) -- Stock prices are lower in early trading, continuing the weakness that has been seen in both of the previous two sessions this week.

  The Dow Jones Industrial Average is down 165 points in today's early going.

  The Nasdaq Composite Index is off 23 points and the Standard-and-Poor's 500 Stock Index is down 17 points.

  The pullback in consumer spending continues to be a dominant theme for investors.

  Department store operator Macy's reports a loss of $44 million for the third quarter.

  The results were weighed down by charges related to consolidation of several divisions.

  Electronics retailer Best Buy has cut its full-year earnings outlook, citing the most difficult retail environment it has ever seen.

  Treasury Secretary Henry Paulson is to provide an update this morning on the government's financial rescue package.

  There are no economic reports due today.

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