Stocks are falling

Screen Shot 2015 07 30 at 9.45.46 AM

(Google Finance) Stocks near 9:46 a.m. ET

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

• A stranded Dutch warship evaded Japanese bombers in WWII by disguising itself as an island
  

• Stocks rally, gold jumps after the Fed
  

• It's been 70 years since the worst disaster in the history of the US Navy