Nasdaq off 70 points as U.S. stock indexes forfeit early Wednesday gains


U.S. stocks opened slightly higher on Wednesday following two days of losses after the final reading on first-quarter GDP showed the American economy shrank by an even larger margin, while Federal Reserve Chairman Jerome Powell said the central bank is aiming to provoke a moderation in growth. The S&P 500 SPX, -0.17% rose 3.8 points, or 0.1%, to 3,825, the Dow Jones Industrial Average DJIA, +0.17% gained 94 points, or 0.3%, to 31,041. The Nasdaq Composite COMP, -0.20% was flat at 11,181.

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