Markets Open Up Higher

Wall Street opened up across the board this morning, just like yesterday. Investors hope today does not, however, end like yesterday: a 250-point loss for the Dow, as the Dow and the S&P 500 slipped to 1997 levels.

In the first 15 minutes of trading, the Dow is up about 55 points, or just less than 1 percent.

The S&P 500 and the tech-heavy Nasdaq are both up more than 1 percent.

Wall Street is waiting on reports from two heavy hitters today: Fed Chairman Ben Bernanke will begin his semiannual two-day testimony to Congress later this morning on the state of the economy and President Obama will address Congress tonight. Wall Street is hoping to hear some details of his recovery plan.

-- Frank Ahrens
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