Off pr-market low levels but still in the red

The US stocks are opening in the red but with modest declines. The numbers are down, but they are off the pre-market lows from before the US GDP report.

The snapshot is showing:

  • S&P, down -1.13 points or -0.04% at 2925.04
  • Nasdaq down -17.46 points or -0.22% at 8101.21
  • Dow -31.30 points or -0.12% at 26430.76

Leading the declines are:

  • Intel, -8.4%. Earnings came in line but forward guidance was much weaker
  • Walmart, -3.16%
  • Exxon, -2.3%. Earnings were weaker than expectations

On the top side:

  • Amazon is higher by 1.15% after smashing earnings forecasts.
  • IBM is up 0.85%
  • American Express +0.69%
  • Caterpillar, +0.64%