Markets Flat At Opening
Wall Street meekly tried to recoup some of yesterday's big losses at opening today, coming out of the gates flat, rather than falling off a cliff, like they did yesterday.
In the first 15 minutes of trading, the Dow is down 4 points, essentially flat.
The broader S&P 500 and the tech-heavy Nasdaq are both up but inconsequential amounts.
(Take a look at The Ticker's dismal analysis of the S&P 500 yesterday by clicking here.)
Some traders think yesterday's big pullback (a 2 percent drop on the S&P 500; the worst day for stocks in two months) was largely a technical sell-off, rather than an indication of a new downturn.
That said, there is plenty of thought that the markets have roared too high, too quickly since the March 6 bottom and a pullback is inevitable.
The markets will get a little more concrete news in coming days when second-quarter earnings season kicks off.
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