NEW YORK (Reuters) - Stocks extended losses on Thursday after Wal-Mart Stores Inc posted disappointing December sales and cut its fourth-quarter profit outlook, compounding investors' concerns about the worsening recession.
Highlights:
* A slew of retailers reported weak December sales results. Wal-Mart Stores Inc down 8.8 percent to $38.44 as the top drag on Dow, S&P Retail Index <.RLX> slid 1.7 percent.
* The Dow Jones industrial average <.DJI> was down 92.15 points, or 1.05 percent, at 8,677.55. The Standard & Poor's 500 Index <.SPX> was down 7.19 points, or 0.79 percent, at 899.46. The Nasdaq Composite Index <.IXIC> was down 12.24 points, or 0.77 percent, at 1,586.82.
(Reporting by Chuck Mikolajczak; Editing by James Dalgleish)
