GDP Revised Downward, Markets Open Lower

The nation's first quarter gross domestic product was revised downward to weigh the markets down to a lower open with the Dow losing 24 points to 10,128. Nasdaq slipped 6 points to 2211.

On the upside

Third quarter earnings for Accenture (NYSE: ACN) rose to top analyst estimates as revenue climbed.

H&R Block (NYSE: HRB) reported better than expected earnings for the fourth quarter.

Tibco (Nasdaq: TIBX) reported higher second quarter earnings that beat expectations and forecast third quarter results ahead of estimates.

On the downside

FuelCell Energy (Nasdaq: FCEL) priced its offering of 24 million shares at $1.25 per share.

While first qurater earnings rose for Research in Motion (Nasdaq: RIMM), BlackBerry shipments and subscriber growth disappointed.

KB Home (NYSE: KBH) narrowed second quarter losses but the results fell far short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 636.