Network News

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

Markets Open Sharply Down

The three-week stock rally opened Friday with a sharp pullback, as investors sold into the market to take some profits out and short-sellers readied for the weekend.

In the first 15 minutes of trading, the Dow is down about 117 points, or about 1.5 percent.

The broader S&P 500 is down about 1.6 percent and the Nasdaq is down almost 1.9 percent.

Analysts are saying this morning that the market drop is a normal part of the bear-market rally and a necessary correction to a Dow that's risen 13 percent in the past three weeks.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  March 27, 2009; 9:48 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Google Cutting 200 Sales People
Next: Feb. Unemployment Rises in D.C. Area, Tops 10% in 7 States

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