Stock open mixed; Wal-Mart slumps as earnings fall

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NEW YORK (AP) ? Stocks are opening mixed as investors weigh worries about Europe against an increase in U.S. retail spending.

Higher interest rates on government debt from Italy, Spain and other European countries rattled stock markets in Germany and France Tuesday.

Wal-Mart Stores and Staples are falling in early trading after reporting financial results. Profits sank at Wal-Mart Stores Inc. Sales at Staples Inc. fell short of expectations.

The Commerce Department said Americans spent more on autos, electronics and building supplies in October, raising retail sales for a fifth straight month.

Minutes after the opening bell, the Dow Jones industrial average is down 5 points to 12,074. The S&P 500 index is up 1 point to 1,252. The Nasdaq is up 1 point to 2,658.