Disney extends CEO Chapek's contract three years

U.S. stocks opened mostly lower on Wednesday as earnings from Microsoft
MSFT,
-7.83%

and Alphabet
GOOG,
-7.77%

disappointed investors, dragging on the Nasdaq. The S&P 500
SPX,
-0.33%

fell 33 points, or 0.9%, to 3,825. The Dow Jones Industrial Average
DJIA,
+0.46%

rose 13 points, or less than 0.1%, to 31,849. The Nasdaq Composite
COMP,
-1.40%

retreated 242 points, or 2.2%, to 10,956.

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