Markets Dive at Opening
The markets took a tumble at opening this morning as Wall Street began earnings season, with aluminum giant Alcoa reporting after today's close. Alcoa is expected to kick off a run of pretty dreadful first-quarter numbers.
In the first 15 minutes of trading, the Dow is down about 150 points, or nearly 2 percent.
The broader S&P 500 is down about 2.2 percent and the tech-heavy Nasdaq is off nearly 2 percent.
The markets likewise dove at yesterday's opening but recouped most of their losses as the trading day progressed. Nevertheless, the Dow ended up closing down for the first time in five sessions.
As the week progresses, we'll see if the four-week March rally can continue into April.
-- Frank Ahrens
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By
Frank Ahrens
|
April 7, 2009; 9:48 AM ET
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The Ticker
| Tags: Alcoa, Dow Jones, nasdaq, s&p 500
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