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

Markets Flat At Opening

Wall Street opened flat his morning, as it tries to recoup yesterday's sell-off losses and maintain the rally that began in early March.

In the first 15 minutes of trading, the Dow is up about 12 points.

The broader S&P 500 and the tech-heavy Nasdaq are both barely underwater.

No meaningful economic data or earnings are due out today, so traders will look ahead to reports later this week on consumer spending and inflation.

In other news, The Post's Elizabeth Razzi is blogging all day from today's National Association of Realtors' summit here in D.C. Check out her blog here.

In her most recent post, Elizabeth reports that former Labor Secretary Robert Reich said the 2006 housing market -- the height of the bubble -- isn't coming back anytime soon.

"That economy was built on a huge volume of unsustainable debt," Reich said.

-- Frank Ahrens
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By Frank Ahrens  |  May 12, 2009; 9:50 AM ET
Categories:  The Ticker  | Tags: Dow Jones  
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Next: Median Home Prices Continue To Fall -- But Not In Cumberland, Md.

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