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

Wall Street Down at Opening on Earnings Trepidation

Wall Street is bracing for tough corporate earnings this week and those fears are being reflected in the markets.

In the first 25 minutes of trading, the Dow is down about 55 points, or about .6 percent.

The S&P 500 and the Nasdaq are both down less than 1 percent.

Aluminum giant Alcoa is set to release earnings after market close today.

In other news, a judge is set to rule today on whether alleged $50 billion Ponzi schemer Bernie Madoff can remain under house arrest in his luxe Manhattan apartment or if he has to go to jail, as prosecutors are urging.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 12, 2009; 9:46 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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