Stocks extended losses, as investors weighed negative reports on the U.S. economy and turmoil overseas. China's ruling Communist Party named its next seven leaders, the eurozone officially entered a double-dip recession, and Israel launched a series of blistering air strikes. Meanwhile, the CPI ticked up 0.1% in October, as expected. The Philly Fed monthly manufacturing survey showed a drop in activity. Wal-Mart slid 3.6% after forecast earnings beneath expectations. Meanwhile, NetApp soared 11.4% after better-than-expected second-quarter earnings. Dell fell 2.2% in the evening trade after the co. posted a 47% drop in fiscal third-quarter profit, as sales of desktop PC and laptops fell 8% and 26%, respectively, from the third quarter a year ago. Implied volatility inched lower on moderate trading volumes.
