Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Markets Nose Up at Opening

Wall Street cautiously stepped into trading this morning following yesterday's big sell-off, opening slightly up across the board.

This comes despite news this morning that construction for new homes and applications for future projects hit record lows in January, according to Commerce Department figures, surprising analysts.

In the first 15 minutes of trading, the Dow, the S&P 500 and the Nasdaq are all just slightly above water, each up well less than half of 1 percent.

New home and apartment construction dropped 16.8 percent in January, Commerce said, the slowest pace in 50 years.

Applications for building permits dropped to a record low, falling 4.8 percent in January.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  February 18, 2009; 9:46 AM ET
Categories:  The Ticker  | Tags: Dow Jones, construction, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Obama's Mortgage Plan Includes Low-Cost Refinancing, Subsidies
Next: BearingPoint Files for Chapter 11 Bankruptcy

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company