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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  
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Next: The Economy Obama Gets

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