The markets opened mixed with the Dow slipping 15 points to 21,067 while Nasdaq held steady at 6,205 as the nation's economy expanded at a modest 1.2% rate in the first quarter on the heels of a stronger 2.1% growth rate in the fourth quarter.
On the upside
Nutanix (Nasdaq: NTNX) reported a smaller than expected loss for the third quarter and forecast current quarter revenue ahead of estimates.
Deckers Outdoor (NYSE: DECK) reported a loss that was smaller than expected and lifted its full year forecast.
AmTrust Financial Services (Nasdaq: AFSI) raised $300 million through a private placement.
On the downside
Zoe's Kitchen (NYSE: ZOES) disappointed with sharply lower first quarter earnings.
GameStop (NYSE: GME) reported better than expected first quarter earnings and revenue but the stock price fell.
Splunk (Nasdaq: SPLK) narrowed losses for the first quarter as revenue rose but the stock price dropped.
The broader S&P 500 held steady at 2,415. Bitcoin plummeted $136 to $2316.