Network News

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

Markets Up At Opening

The markets opened up this morning, as 19 of the nation's banks learn the results of the federal government's "stress test" set to be delivered today.

In the first 25 minutes of trading, the Dow is up about 62 points, or less than 1 percent.

The broader S&P 500 and the tech-heavy Nasdaq are both up about the same amount.

It's possible that the results of the stress test will mark the beginning of the end of uncertainty for the nation's big banks and, by extension, the financial system. Wall Street hates uncertainty.

Though the stress test results will be released privately only to the banks today, the test's methodology will be released publicly at 2 p.m. today.

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

By Frank Ahrens  |  April 24, 2009; 9:53 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Fiat: We Might Be Interested in Opel, as Well as Chrysler
Next: March New Home Sales Down Slightly, But Better Than Expected

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