Markets Open Lower
Stocks fell slightly out of the gate this morning, a day after investors absorbed President Obama's speech to Congress last night outlining ambitious plans to help the economy and reform the nation's health care system.
In the first 15 minutes of trading, the Dow Jones industrial average is down .8 percent, or 60 points. The broader Standard & Poor's 500 index is down .84 percent, or 6 points, and the Nasdaq is down 1 percent or 15 points.
Today, Fed chairman Ben Bernanke starts his second day on Capitol Hill. Yesterday, the markets seemed to like what he said, as the Dow gained 3.3 percent. Today, the markets are moving in the opposite direction, continuing a volatile week on Wall Street.
February 25, 2009; 9:46 AM ET
Categories: The Ticker | Tags: Dow Jones, Obama, nasdaq, s&p 500, stimulus plan
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