Wall Street Opens Up Slightly
This morning's up-is-down news: The economy's going to shed 50,000 more jobs -- and Wall Street opens up!
In the first 15 minutes of trading, the Dow is up about 60 points, or less than 1 percent, but it has fallen back a bit and now is up 33 points.
The S&P 500 and the Nasdaq are both up more than 1 percent, a solid opening.
Meanwhile, on Main Street, the job cuts came in bunches this morning: Home Depot (7,000 job cuts), ING (7,000), Wyeth/Pfizer (8,000), Caterpiller (20,000) and Sprint/Nextel (8,000).
January 26, 2009; 9:51 AM ET
Categories: The Ticker | Tags: Caterpiller, Dow Jones, Home Depot, ING, Pfizer, Sprint/Nextel
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