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September 01, 2020 1:43pm
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Mixed open as GDP growth rate slows

The markets opened mixed with the Dow slipping 15 points to 21,067 while Nasdaq held steady at 6,205 as the nation's economy expanded at a modest 1.2% rate in the first quarter on the heels of a stronger 2.1% growth rate in the fourth quarter.


On the upside


Nutanix (Nasdaq: NTNX) reported a smaller than expected loss for the third quarter and forecast current quarter revenue ahead of estimates.


Deckers Outdoor (NYSE: DECK) reported a loss that was smaller than expected and lifted its full year forecast.


AmTrust Financial Services (Nasdaq: AFSI) raised $300 million through a private placement.


On the downside


Zoe's Kitchen (NYSE: ZOES) disappointed with sharply lower first quarter earnings.


GameStop (NYSE: GME) reported better than expected first quarter earnings and revenue but the stock price fell.

Splunk (Nasdaq: SPLK) narrowed losses for the first quarter as revenue rose but the stock price dropped.


The broader S&P 500 held steady at 2,415. Bitcoin plummeted $136 to $2316.


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