The nation's gross domestic product was revised downward to weigh the markets down to a lower close with the Dow dropping 81 points to 18,132. Nasdaq tumbled 24 points to 4,963.
On the upside
Air Methods (Nasdaq: AIRM) reported sharply higher fourth quarter earnings that beat expectations as revenue rose.
Kindred Healthcare (NYSE: KND) narrowed losses for the fourth quarter and forecast full year revenue ahead of estimates.
Fourth quarter earnings slipped for Tetra Technologies (NYSE: TTI) but the results were better than expected.
On the downside
TCP International NYSE: TCPI) is evaluating claims alleging misconduct by chief executive Ellis Yan.
EnerNOC (Nasdaq: ENOC) widened losses for the fourth quarter and forecast current quarter results that fell short of analyst expectations.
A. M. Castle (NYSE: CAS) widened losses more than expected as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 6 points to 2104. Bitcoin climbed $17 to $251.
Lower close on downward revision of GDP
February 27, 2015 at 17:42 PM EST