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

Markets Down Slightly At Opening

The markets tried to hold onto yesterday afternoon's gains in the early minutes of today's trading, opening flat to slightly down

Yesterday staged a 220-point rally in the last hour of yesterday, as Wall Street responded to news from Washington that the White House is considering subsidizing lenders who cut their rates on mortgages.

In the first 30 minutes of today's trading, the Dow, the S&P and the Nasdaq are all down less than 1 percent.

Wall Street will keep one eye on Washington today, where the House is moving toward a vote on the $789 billion stimulus bill, and the other on Rome, where the G7 summit kicks off today.

World financial leaders will be looking to Treasury Secretary Tim Geithner for some more details on his comprehensive rescue package, which left U.S. markets and lawmakers wanting on Tuesday.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  February 13, 2009; 10:02 AM ET
Categories:  The Ticker  | Tags: Dow Jones, G-7, Geithner, nasdaq, s&p 500  
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