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5/28, 3:31 PM (Source: TeleTrader)
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Wall Street opens mixed after data

United States stock markets started Thursday's trading session mixed as investors digested the country's latest economic data. The Bureau of Economic Analysis said gross domestic product contracted 5% in the first quarter. The Census Bureau's figures showed new orders for manufactured durable goods dropped 17.2% in April, while the Department of Labor reported the number of initial jobless claims topped 40 million in the past ten weeks.

The Dow Jones Industrial Average increased 0.56% at the opening bell. American Express Inc. jumped 7.33%. The Nasdaq 100 fell 0.27%, with United Airlines Holdings falling 3.97%. The S&P 500 advanced 0.31%, as HP Inc. lost 8.88%.

The euro was up 0.29% against the dollar at 9:29 am ET, changing hands for $1.10378.

Breaking the News / MD