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
Save & Share:
Previous: Third-Quarter GDP Down 0.5 Percent
Next: Home Sales, Sentiment Data Present Mixed Picture
The comments to this entry are closed.
No comments have been posted to this entry.