The nation's economy expanded at a strong 4.2% in the second quarter but the markets closed lower with the Dow falling 42 points to 17,079 as Russian troops joined rebels fighting government forces in southern Ukraine. Nasdaq lost 11 points to 4557.
On the upside
EZchip Semiconductor (Nasdaq: EZCH) cancelled upcoming appearances at brokerage events sparking speculation that the company may be acquired.
Hanwha SolarOne (Nasdaq: HSOL) narrowed losses for the second quarter even as revenue slipped.
Dougherty & Co. analyst Charlie Anderson expects strong sales for GoPro (Nasdaq: GPRO) during the lucrative holiday shopping season.
On the downside
Profit taking sank shares of TubeMogul (Nasdaq: TUBE).
Genesco (NYSE: GCO) disappointed with sharply lower second quarter earnings that missed expectations by a wide margin and cut its full year earnings outlook.
Falling iron ore prices weighed down shares of Cliffs Natural Resources (NYSE: CLF).
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 3 points to 1996. Bitcoin lost $5 to $507.