Wed, Jul 23 07:20 PM

NEW YORK (Reuters) - U.S. stocks were little changed at the open on Wednesday as a decline in shares of banks and retailers offset optimism about a pullback in oil prices.

The Dow Jones industrial average declined 32.49 points, or 0.28 percent, at 11,570.01, while the Standard & Poor's 500 Index was up 0.17 point, or 0.01 percent, at 1,277.17. The Nasdaq Composite Index edged lower 2.28 points, or 0.10 percent, at 2,301.68.

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