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

Markets Fall At Opening Bell

Wall Street opened down today, as Microsoft announced layoffs and economic data showed further declines in the housing and labor markets.

In the first 15 minutes of trading, the Dow is down about 109 points, or more than 1 percent.

The S&P is also down more than 1 percent but it's the Nasdaq that's getting hammered: the tech-heavy index is down more than 2 percent on the Microsoft news and eBay reported its first-ever quarterly revenue decline, pushing shares of the online auction house more than 13 percent.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 22, 2009; 9:48 AM ET
Categories:  The Ticker  | Tags: Dow Jones, Microsoft, eBay, nasdaq, s&p 500  
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