Stocks are falling
(Google Finance)
Stocks opened lower on Thursday morning after the first estimate of second-quarter Gross Domestic Product showed a return to economic growth, although slightly below expectations.
Near 9:51 a.m. ET, the Dow was down 106 points, the S&P 500 was down 13 points, and the Nasdaq was down 37 points.
In Q2, the economy grew 2.3% on an annualized basis, missing the forecast for 2.5% growth. However, we learned that the economy did not shrink in the first quarter, as GDP was revised to 0.6% from -0.2%.
Initial jobless claims rose less than expected, to 267,000.
Following the releases, gold was down by about $6 an ounce, near $1,086.40. The US dollar index was a tad higher at 97.43, and treasuries declined, with the benchmark 10-year note at 2.28%.
On Wednesday, stocks spiked to session highs and finished in the green for a second day after the Federal Reserve kept rates unchanged, just as expected.
NOW WATCH: See the stunning $4 billion renovations planned for LaGuardia Airport
More From Business Insider