Wall Street Opens Flat After GDP Data, Meta Forecast

Wall Street Opens Flat After GDP Data, Meta Forecast
Traders react on the floor of the New York Stock Exchange (NYSE) as a screen shows Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York City on July 27, 2022. (Brendan McDermid/Reuters)
Reuters
7/28/2022
Updated:
7/28/2022

Wall Street’s main indexes opened flat on Thursday after gloomy forecasts from Meta and Qualcomm and an early reading that showed the U.S. economy contracted again in the second quarter.

The Dow Jones Industrial Average rose 0.03 points, or 0.00 percent, at the open to 32,197.62. The S&P 500 opened higher by 2.52 points, or 0.06 percent, at 4,026.13, while the Nasdaq Composite gained 4.06 points, or 0.03 percent, to 12,036.48 at the opening bell.