U.S. stocks open mostly lower after weak U.S. GDP

U.S. stocks opened mostly lower on Friday, after a government report showed the U.S. economy grew at a slower pace than expected during the second quarter. Also, the Bank of Japan delivered a smaller-than-expected round of additional stimulus, disappointing investors. Among individual stocks, investors cheered stronger-than-expected earnings by Google-parent Alphabet Inc. and Amazon.com Inc. . But poor results in the energy sector, most notably from energy giants Exxon Mobil Corp. and Chevron Corp. weighed on sentiment. The Dow Jones Industrial Average lost 42 points, or 0.2%, to 18,414, the S&P 500 index shed a point, or less than 0.1% at 2,169, while the Nasdaq Composite Index added 9 points, or 0.2%, to 5,164.

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From:: Stock Market News

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