GDP disappoints, markets open lower

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The nation's economy edged up a disappointing 0.2% in the first quarter to weigh the markets down to a lower open with Dow falling 66 points to 18,043. Nasdaq lost 19 points to 5,035.

On the upside

First quarter earnings fell for Starwood Hotels (NYSE: HOT) but the results were better than expected and the company hired Lazard to explore strategic alternatives.

Goodyear Tire & Rubber (Nasdaq: GT) reversed year ago losses to post a stronger than expected profit for the first quarter.

Level 3 Communications (NYSE: LVLT) reported higher first quarter earnings and revenue.

On the downside

Wynn Resorts (Nasdaq: WYNN) fell to a greater than expected loss for the first quarter.

Humana (NYSE: HUM) reported higher first quarter earnings but the results fell short of expectations.

Coach (NYSE: COH) reported sharply lower third quarter earnings and revenue.
 
The broader S&P 500 lost 7 points to 2107. Bitcoin held steady at $225.

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This page contains a single entry by published on April 29, 2015 6:45 AM.

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