Markets Rebound, Open Up
The markets are trying to rebound after yesterday's rout, opening up across the boards today.
In the first 20 minutes of trading, the Dow is up about 35 points, or less than half of 1 percent.
The broader S&P 500 and the tech-heavy Nasdaq are both up more than 1 percent.
But the Dow is already starting to retreat slightly as it awaits more details on the bank rescue program from Treasury Secretary Tim Geithner, who testifies on the Hill today.
Wall Street appears to be bolstered by the Fed's announcement of its new loan program to help unfreeze the credit market for small businesses and consumers.
-- Frank Ahrens
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By
Frank Ahrens
|
March 3, 2009; 9:51 AM ET
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The Ticker
| Tags: Dow Jones, nasdaq, s&p 500
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