Stocks Up at Opening
All of the major indexes opened today heading upwards.
The Dow is up 60 points, or less than 1 percent, at 8,077. The S&P 500 is also up less than 1 percent -- 8 points to 863. The tech heavy Nasdaq is up 15 points, to 1,689 -- also a less than 1 percent gain.
Today promises to be an interesting day, with traders still digesting impacts from the swine flu outbreak as well as a worse-than-expected GDP result. Also of note: Bank of America's annual meeting starts at 10 a.m., with some shareholders trying to oust embattled Chief Executive Ken Lewis.
-- Michael Rosenwald
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Michael S. Rosenwald
|
April 29, 2009; 9:43 AM ET
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Posted by: monkeyonkeyboard | April 29, 2009 10:53 AM | Report abuse
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I don't get the stock market. The economy contracts by 6.1% last quarter, we find out 6 of the largest 19 banks need more money, global trade may plummet due to the swine flu, and the markets open up?