[argra]http://www.investing.com/indices/us-30 Stocks traded lower on Wednesday after a number of key stocks were dragged down by weak earnings. It's a quiet day for economic data. Disney shares tumbled by as much as 5% after the company missed on earnings for the first time in five years. Disney's decline was the most on the Dow and dragged down the index. Near 2:50 p.m. ET, it was down 209 points (1.17%), the S&P 500 was down 17 points (0.8%) and the Nasdaq was down 39 points (0.8%). Stocks finished strong on Tuesday, with the Dow gaining 222 points, or 1.3%. Macy's tanked 9% after the retailer cut its guidance for profits this year, and confirmed that retail is still a tough business to be in right now. Other retail stocks were getting crushed in trading, and the XRT exchange-traded fund that tracks the sector fell by as much as 3.6%. West Texas Intermediate crude futures gained 3% to $46.30 after the Energy Information Administration reported an unexpected draw in oil inventories last week by 3.4 million barrels. Staples fell by as much as 15%, and Office Depot cratered 34% after both companies scrapped their planned merger. A federal judge had paused the deal on antitrust concerns. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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