Stock market news live updates: Stock futures dip ahead of GDP data

Stocks slid in early trade on Thursday after new data showed the U.S. economy contracted for the second-straight quarter in Q2. About 40 minutes into the trading session, the Nasdaq was pacing losses, falling 0.8%, while the S&P 500 was off 0.5% and the Dow was down 0.4%. Initially, stocks traded modestly higher at the…