In company news, Choice Hotels International (CHH) is seeking to buy Wyndham Hotels & Resorts (WH), the Wall Street Journal reported Tuesday, citing people familiar with the matter. Walt Disney (DIS) started a third round of layoffs, which may reach more than 2,500 employees, Deadline Hollywood reported, citing unnamed sources. Lowe's (LOW) cut its full-year outlook on higher-than-expected lumber deflation and softening demand for discretionary sales, even though the home improvement retailer's fiscal Q1 results topped market estimates.