U.S. Stocks Open Lower After GDP Report

By MarketWatch Pulse

U.S. stocks opened slightly lower Thursday after a government report showed the economy picked up pace in the second quarter, putting the Federal Reserve on track to raise interest rates as soon as September. The S&P 500 opened 3 points, or 0.2%, lower at 2,104. The Dow Jones Industrial Average dropped 21 points, or 0.1%, to 17,733. The Nasdaq Composite began the session down 10 points, or 0.2%, at 5,102.

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