U.S. stocks open modestly lower after paring premarket losses on GDP report

U.S. stocks opened modestly lower on Thursday after an upward revision to first-quarter annualized GDP growth pushed the main indexes to reverse some of their premarket losses. The S&P 500 SPX, +0.20% fell 3 points, or 0.1%, to 4,373. The Nasdaq Composite COMP, +0.

08% fell 3 points, or less than 0.1%, to 13,590, and the Dow Jones Industrial Average DJIA, +0.46% fell 15 points, or 0.1%, to 33,834. The latest revised GDP report showed the U.S. economy expanded at an annualized pace of 2% during the first quarter, higher than the previous reading of 1.3%.

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