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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Markets Open Up

Wall Street opened up this morning on some better-than-expected earnings and the promise of an upbeat message from Treasury Secretary Tim Geithner, who is about to begin testimony before Congress on the progress of the federal bailout.

In the first 15 minutes of trading, the Dow is up 65 points, or .75 percent.

The broader S&P 500 is up a little more than 1 percent, while the tech-heavy Nasdaq is up just less than 1 percent.

Builder Toll Brothers said that second-quarter sales were nearly double that of first-quarter sales (but still half of second-quarter 2008 sales).

Target, the nation's No. 2 discount retailer behind Wal-Mart, reported fiscal first-quarter results that beat Wall Street expectations, thanks to cost-cutting.

-- Frank Ahrens
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By Frank Ahrens  |  May 20, 2009; 9:46 AM ET
Categories:  The Ticker  | Tags: Dow Jones, Toll Brothers, nasdaq, s&p 500  
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