Disney extends CEO Chapek's contract three years

U.S. stocks open lower as Wal-Mart profit warning spooks investors

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U.S. stocks opened lower on Tuesday after Wal-Mart

cut its profit outlook and blamed food inflation for forcing American consumers to curtail spending on other items. The S&P 500

retreated 16 points, or 0.4%, to 3,951. The Dow Jones Industrial Average

shed 97 points, or 0.3%, to 3,189. The Nasdaq Composite

dropped 94 points, or 0.8%, to 11,685. Wal-Mart shares fell 8.3%, or $11, to $121.

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