Markets Rally at Opening
Evidently tired of several consecutive days of sell-offs, Wall Street staged an opening rally this morning, despite the release of another dismal monthly jobs report.
In the first 15 minutes of trading, the Dow is up about 102 points, or about 1.6 percent.
The broader S&P 500 is up 2 percent and the tech-heavy Nasdaq is up nearly 2 percent.
The opening rally has pushed the Dow back up over the 6800 level and the S&P 500 back up over 700.
Treasury Secretary Tim Geithner testifies before the Senate Finance committee at 10 a.m. today.
-- Frank Ahrens
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By
Frank Ahrens
|
March 4, 2009; 9:47 AM ET
Categories:
The Ticker
| Tags: Dow Jones, nasdaq, s&p 500
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