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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Wall Street Stumbles Out Of Gates

The major indexes all opened down today, as the markets responded to poor news from home builders and worries about consumer spending.

In the first 20 minutes of trading, the Dow is down nearly 200 points, or more than 2 percent.

Both the S&P 500 and Nasdaq are off 2 percent.

Starbucks reported disappointing earnings, as coffee-drinking consumers are trading down to a cheaper cup of Joe.

Because of the Veterans Day holiday (established after the Great War as Armistice Day, by the way; changed to Veterans Day after World War II), the bond markets are closed today.

-- Frank Ahrens

By Frank Ahrens  |  November 11, 2008; 9:54 AM ET
Categories:  The Ticker  
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