Stocks Open Lower as Better-Than-Expected Data Points Fail to Wow Investors

Stocks have opened lower this morning amid slightly better than expected data on the production and jobs markets and several notable earnings reports earlier. The Dow Jones is now down 100 points to 10,198, the Nasdaq is down 25 points to 2,228 and the S&P 500 is down about 12 points to 1,080.

• Durable goods orders for the month of May came in at down 1.1%, vs. the economist estimate of down 1.4%
  
• jobless claims for last week came in at 457,000, better than the 463,000 the Street had been looking for
  
• Bed Bath & Beyond (Nasdaq: BBBY) shares are down almost 4% as a weak forecast has traders selling this morning
  
• Nike (NYSE: NKE) are seeing a similar fate as BBBY as sales for the company's Q4 missed the Street estimate
  
• ConAgra (NYSE: CAG) down only modestly despite missing the Street's views on both sales and EPS

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