A disappointing 1.2% growth in the nation's economy in the second quarter weighed the markets down to a lower open with the Dow falling 49 points to 18,407. Nasdaq added a point to 5,156.
On the upside
TSR (Nasdaq: TSRI) reported higher fourth quarter earnings and revenue.
Cloud Peak Energy (NYSE: CLD) swung to a better than expected profit for the second quarter.
YRCW (Nasdaq: YRCW) reported a greater than expected profit for the second quarter.
On the downside
Seres Therapeutics (Nasdaq: MCRB) reported disappointing results from a Phase 2 study of SER-109 to treat multiply recurrent Clostridium difficult infection.
Second quarter earnings slipped for Stericycle (Nasdaq: SRCL) and the company trimmed its full year forecast.
MDC Partners (Nasdaq: MDCA) disappointed with sharply lower second quarter earnings that fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2,170. Bitcoin slipped $1 to $651.
