Stocks open lower on Wall Street; Target shares plunge

Banks and other financial companies are leading a modest decline in early trading on Wall Street.The Dow Jones industrial average is coming off its longest winning streak in 30 years.Online brokers are posting sharp declines Tuesday after Fidelity announced...

Stocks open lower on Wall Street; Target shares plunge

Banks and other financial companies are leading a modest decline in early trading on Wall Street.

The Dow Jones industrial average is coming off its longest winning streak in 30 years.

Online brokers are posting sharp declines Tuesday after Fidelity announced a cut in trading commissions. Other brokerages followed suit. ETrade Financial dropped 6.3% and Charles Schwab fell 3.3%.

Target plunged 13.6% after its profit missed forecasts. The company also issued a weak outlook.

The Dow fell 19 points, or 0.1%, to 20,816. The Dow reached its 12th consecutive record high close the day before.

The Standard & Poor's 500 index fell 4 points, or 0.2%, to 2,365. The Nasdaq composite fell 11 points, or 0.2%, to 5,850. 

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

Watch a time-lapse of the 89th Academy Awards red carpet in two minutes.

Watch a time-lapse of the 89th Academy Awards red carpet in two minutes.

Construction begins on a new $1.6-billion terminal at Los Angeles International Airport. (Mark Boster / Los Angeles Times)

Construction begins on a new $1.6-billion terminal at Los Angeles International Airport. (Mark Boster / Los Angeles Times)

Oscars Red Carpet Full Interview: Trevante Rhodes

Oscars Red Carpet Full Interview: Trevante Rhodes

"Moonlight" won the best picture Oscar after a botched announcement threw the ceremony into chaos.

"Moonlight" won the best picture Oscar after a botched announcement threw the ceremony into chaos.

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