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

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).

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 26, 2009; 9:51 AM ET
Categories:  The Ticker  | Tags: Caterpiller, Dow Jones, Home Depot, ING, Pfizer, Sprint/Nextel  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Home Depot To Close Expo Chain, Slash 7,000 Jobs
Next: Dec. Existing Home Sales Up Slightly

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