Markets Fall at Opening
The stock markets fell at opening today, as traders appeared to be "selling into the rally," or taking some profits from the two-plus-week rally that's been underway.
In the first 15 minutes of trading, the Dow is down about 100 points, or more than 1 percent.
The broader S&P 500 and the Nasdaq are down about 1 percent each.
It will be interesting to watch how, if at all, Wall Street reacts to the testimony of Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner beginning in about 15 minutes, as they speak about the AIG bonuses.
Wall Street is very sensitive to any hint of confiscatory taxes or policies, so traders will be watching Bernnake's and Geithner's words carefully.
March 24, 2009; 9:49 AM ET
Categories: The Ticker | Tags: Ben Bernanke, Dow Jones, Tim Geithner, nasdaq, s&p 500
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