Wall Street opens lower after GDP data

U.S. stocks opened lower on Wednesday after data showed that economic growth braked more sharply than expected in the first quarter, and ahead of the U.S. Federal Reserve's likely move to maintain interest rates.

The Dow Jones industrial average fell 59.13 points, or 0.33 percent, to 18,051.01, the S&P 500 lost 6.85 points, or 0.32 percent, to 2,107.91 and the Nasdaq Composite dropped 25.43 points, or 0.5 percent, to 5,030.00.