GDP expands less than expected, markets open lower

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The nation's economy expanded at a slower than expected 2.3% pace in the second quarter. The markets opened lower with the Dow falling 51 points to 17,699 while Nasdaq dropped 20 points to 5,097.

On the upside

WPCS International (Nasdaq: WPCS) swung to an operating profit for the fourth quarter.

World Wrestling Entertainment (NYSE: WWE) swung to a profit for the second quarter.
 
Fourth quarter earnings and revenue for Open Text (Nasdaq: OTEX) surpassed expectations prompting an upgrade.
 
On the downside

Whole Foods Market (Nasdaq: WFM) reported third quarter earnings and revenue that fell short of analyst expectations.

Penn Virginia (NYSE: PVA) narrowed losses for the second quarter but revenue missed expectations.

LINN Energy (Nasdaq: LINE) widened second quarter losses and announced plans to suspend its monthly cash distribution.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 2102. Bitcoin slipped $3 to $284.

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This page contains a single entry by published on July 30, 2015 6:45 AM.

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