Stocks Open Mixed as Economic Worries Linger

The major indexes edged higher, but the broad market was under pressure as investors remained cautious about the economy and unemployment.  Crude oil traded at $56 a barrel.  The Dow rose 72 points to 8356.  Nasdaq added 9 points to 1508.

On the upside

Shares of Intel (Nasdaq: INTC) edged higher after the chip giant scaled back sales projections for the current quarter.

Las Vegas Sands (NYSE: LVS) announced plans to let go up to 11,000 workers in Macau after resort projects were halted.

Commercial real estate services firm CB Richard Ellis Group (NYSE: CBG) priced an offering to raise $180 million.

On the downside

Wal-Mart Stores (NYSE: WMT) posted higher 3rd quarter profits, but lowered its outlook for the holiday season due to the weak economy.

Shares of Crocs (Nasdaq: CROX) lost nearly half its value after the shoe maker posted sharply lower 3rd quarter sales.

Dr Pepper Snapple Group (NYSE: DPS) reported lower 3rd quarter profits that missed estimates as the beverage maker offered lower guidance for the year.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and  Nasdaq.  The Russell 2000 which tracks small cap stocks climbed 5 points to 458.