US stocks dip on mixed data

US stocks opened lower Thursday following a mixed bag of economic data and corporate earnings. Five minutes into trade, the Dow Jones Industrial Average fell 46.68 (0.28 percent) to 16,567.29. The broad-based S&P 500 declined 5.66 (0.30 percent) to 1,882.87, while the tech-rich Nasdaq Composite Index dipped 6.87 (0.17 percent) to 4,093.75. US jobless claims fell to a post-recession seven-year low last week of 297,000. But analysts said market sentiment was colored by other disappointing data, including news that the eurozone notched just 0.2 percent growth in the first quarter. Dow member Cisco gave a bullish outlook on business conditions, while fellow Dow component Wal-Mart Stores missed analyst expectations. Cisco was up 7.1 percent, while Wal-Mart dropped 2.5 percent, according to AFP.