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

Stocks Open Slightly Higher

Traders are approaching the holiday and having a rather shrug-their-shoulders reaction to news that GDP dropped 0.5 percent in the third quarter -- a figure most economists were predicting.

All three major indicators are up slightly. The Dow is trading at 8,545, up 25 points. The Nasdaq is at 1535, up 3 points. And the S&P 500 is at 874, up 3 points.

Action could heat up soon, though, as investors digest data on home sales and consumer sentiment.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  December 23, 2008; 9:46 AM ET
Categories:  The Ticker  
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Next: Home Sales, Sentiment Data Present Mixed Picture

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