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Mixed open as GDP growth slows

The markets opened mixed with the Dow rising 26 points to 23,883 as the nation's economic growth slowed in the fourth quarter to 2.9%. Nasdaq fell 30 points to 6978.


On the upside


RSP Permian (NYSE: RSPP) will be acquired by Concho Resources (NYSE: CXO) in an all stock deal valued at approximately $9.5 billion.


Takeda Pharmaceutical is exploring a potential deal to acquire Shire (Nasdaq: SHPG).


LaSalle Hotel Properties (NYSE: LHO) received an acquisition offer from Pebblebook Hotel Trust for more than $3 billion.

On the downside


Profit taking continued to weigh down shares of Square (NYSE: SQ).


Shares of Tesla (Nasdaq: TSLA) extended its losses as safety concerns continued to plague the electric vehicle maker.


President Donald Trump has reportedly discussed changing the tax treatment of Amazon.com (Nasdaq: AMZN).


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,614. Bitcoin rose $27 to $8,035.


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