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Mixed close on disappointing GDP

The markets closed mixed with the Dow slipping 5 points to 17,745 as the nation’s gross domestic product expanded at a slower than expected 2.3% pace. Nasdaq rose 17 points to 5,128.

On the upside

QuickLogic (Nasdaq: QUIK) partnered with Sensory to provide a voice recognition solution that is embedded in its new EOS S3 sensor processing platform.

H&E Equipment Services (Nasdaq: HEES) reported lower second quarter earnings and revenue but the company increased its quarterly dividend.
 
Vonage Holdings (NYSE: VG) reported higher second quarter earnings and revenue that topped analyst estimates.
 
On the downside

MakeMyTrip (Nasdaq: MMYT) reported a greater than expected loss for the first quarter and lowered its full year revenue outlook.

Second quarter revenue fell for ITT Educational Services (NYSE: ESI).

Foundation Medicine (Nasdaq: FMI) widened second quarter losses and forecast full year revenue below expectations.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2108. Bitcoin held steady at $285.

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