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Stocks Are Slightly Lower as Disney Disappoints

Stocks were slightly lower on Wednesday after a series of disappointing earnings reports from Disney (DIS - Get Report) and the retail sector.

The S&P 500 was down 0.11%, the Dow Jones Industrial Average fell 0.18%, and the Nasdaq declined 0.06%.

Walt Disney fell 5% following a disappointing second quarter. The world's largest entertainment company reported earnings of $1.36 a share, 3 cents below estimates, while sales of $13 billion missed forecasts by $200 million. Expectations were high heading into the earnings report after the box office success of Star Wars: The Force Awakens and Zootopia.

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