Markets Open Up, Extend Last Week's Rally
The markets opened up slightly this morning as Wall Street tried to extend last week's 9 percent rally.
In the first 15 minutes of trading, the Dow is up about 70 points, or about 1 percent.
The broader S&P 500 is up about 1.2 percent and the tech-heavy Nasdaq is up about half of 1 percent.
The markets may be reacting to last night's appearance on "60 Minutes" by Fed Chairman Ben Bernanke, in which he reiterated his prediction that recovery will being later this year.
Bank stocks are showing particular buoyancy this morning -- shares of Citigroup and Bank of America are both up strongly.
-- Frank Ahrens
March 16, 2009; 9:44 AM ET
Categories: The Ticker | Tags: Ben Bernanke, Dow Jones, nasdaq, s&p 500
Save & Share: Previous: Bernanke to Appear Sunday on '60 Minutes'
Next: Industrial Output Down In February, But Autos Up
Posted by: morenews1 | March 16, 2009 12:13 PM | Report abuse
The comments to this entry are closed.