The nation's economy edged up a disappointing 0.2% in the first quarter to weigh the markets down to a lower open with Dow falling 66 points to 18,043. Nasdaq lost 19 points to 5,035.
On the upside
First quarter earnings fell for Starwood Hotels (NYSE: HOT) but the results were better than expected and the company hired Lazard to explore strategic alternatives.
Goodyear Tire & Rubber (Nasdaq: GT) reversed year ago losses to post a stronger than expected profit for the first quarter.
Level 3 Communications (NYSE: LVLT) reported higher first quarter earnings and revenue.
On the downside
Wynn Resorts (Nasdaq: WYNN) fell to a greater than expected loss for the first quarter.
Humana (NYSE: HUM) reported higher first quarter earnings but the results fell short of expectations.
Coach (NYSE: COH) reported sharply lower third quarter earnings and revenue.
The broader S&P 500 lost 7 points to 2107. Bitcoin held steady at $225.
GDP disappoints, markets open lower
April 29, 2015 at 10:45 AM EDT