Morning News: Wet Seal, Wal-Mart, Smithfield Foods, Apache, KKR

Morning News Update:

Stocks that are expected to trade actively in U.S. markets on Wednesday include: The Wet Seal, Inc. (NASDAQ:WTSL), Wal-Mart Stores, Inc. (NYSE:WMT), Smithfield Foods, Inc. (NYSE:SFD), Apache Corporation (NYSE:APA), Michael Kors Holdings Ltd (NYSE:KORS), Service Corporation International (NYSE:SCI), Stewart Enterprises, Inc. (NASDAQ:STEI), Guidewire Software Inc (NYSE:GWRE), Cerner Corporation (NASDAQ:CERN), KKR & Co. L.P. (NYSE:KKR), Carlyle Group LP (NASDAQ:CG), Amgen, Inc. (NASDAQ:AMGN) and IAC/InterActiveCorp (NASDAQ:IACI).

Market Levels

•    US:  Dow Futures: 15283.00 (-0.59%), S&P 500 Futures: 1646.40 (-0.50%), NASDAQ Futures: 2990.00 (-0.45%)
•    Europe: CAC:...