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Wall Street opens lower after GDP data


    NEW YORK (Reuters) - U.S. stocks opened on Wednesday after data showed the economy grew at a sharply lower-than-expected pace in the first quarter, but gains in private payrolls kept losses in check.

    EBay Inc , which reported results late Tuesday, added to the Nasdaq's decline, falling 5.2 percent to $51.67.

    The Dow Jones industrial average was down 15.80 points, or 0.10 percent, at 16,519.57. The Standard & Poor's 500 Index was down 4.39 points, or 0.23 percent, at 1,873.94. The Nasdaq Composite Index was down 18.86 points, or 0.46 percent, at 4,084.69.

    (Reporting by Ryan Vlastelica; Editing by Bernadette Baum)