Stocks opened lower on Wednesday after the Chief Executive of Wal-Mart Stores Inc said he sees no quick end to the recession, while Intel said uncertainty ruled out a clear revenue forecast.

Dow component Wal-Mart slipped after its Chief Executive Officer said there remained a lot of stress in the economy and he did not anticipate a quick end to the recession.

On the Nasdaq, Intel shed more than 4 percent after the top global chipmaker released results that beat expectations after Tuesday's closing bell but was unable to give a clear projection for the second quarter.

The Dow Jones industrial average <.DJI> was off 36.96 points, or 0.47 percent, to 7,883.22. The Standard & Poor's 500 Index <.SPX> lost 4.70 points, or 0.56 percent, to 836.80. The Nasdaq Composite Index <.IXIC> fell 16.60 points, or 1.02 percent, to 1,609.12.

(Reporting by Leah Schnurr)