Market averages are down at the opening. Dow opened 30 points lower, Nasdaq traded 14 points down and S&P opened 3 points lower. Oil traded lower as International Energy lowered demand for oil. Expedia, online travel booking service, reported earnings of 6 cents vs. 14 cents a year ago on 2% rise in revenue. Domestic revenue in the first quarter declined 4% and international booking revenue rose 24% excluding foreign exchange impact.
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