Wall Street Opens Up Slightly
Wall Street opened up slightly this morning, in possible reaction to Fed Chairman Ben Bernanke's endorsement in London this morning of President-elect Obama's $800-some billion stimulus plan.
In the first 20 minutes of trading, the Dow is up slightly, about 25 points.
The S&P 500 and the Nasdaq both are up, as well, each less than 1 percent.
In other news, the U.S. trade deficit dropped to its lowest level since November 2003, thanks in part to the massive drop in oil imports, as drivers pared back their travels and factories dialed back their production during the recession, and diving consumer demand for Chinese goods.
January 13, 2009; 9:53 AM ET
Categories: The Ticker | Tags: Dow Jones, Wall Street
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