Wal-Mart, Wendy's among big market movers

NYSE

Wal-Mart Stores Inc., down $1.32 at $56.70

Higher energy and food costs caused the world's largest retailer to forecast second-quarter profit mostly below expectations.

Wendy's International Inc., up 7 cents at $26.75

The hamburger chain's incoming chief executive forecast job cuts, following its purchase by Arby's owner Triarc Companies Inc.

Hewlett-Packard Co., down $3.28 at $43.55

The computer and printer maker is buying Electronic Data Systems Corp. for $12.6 billion, or $25 per share, to expand its service business.

Bank of America Corp., down 61 cents at $36.83

The country's second-largest bank forecast higher losses in its home equity portfolio, but remains on track to close its purchase of Countrywide Financial Corp.