Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Dow Dives At Opening

Are the markets taking a Democratic dip? Or did they get their Obama rally in yesterday and are back to trading on the economy's fundamentals?

In the first 20 minutes of trading, Wall Street is down across the board, as the futures numbers predicted.

The Dow is down about 175 points, or about 1.8 percent.

The S&P 500 is down about 1.8 percent.

The Nasdaq is trading down about 1.6 percent, following six straight days of gains.

Two employment reports out today said that planned job cuts are at their highest rate in five years.

What does an Obama presidency mean to your stocks? Here's one take on the "Obama portfolio," which includes recommendations on buys for infrastructure and agricultural stocks.

-- Frank Ahrens

By Frank Ahrens  |  November 5, 2008; 9:52 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: No Post-Election Market Rally for Obama?
Next: The Economy Obama Gets

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company