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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.

-- Frank Ahrens
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By Frank Ahrens  |  June 23, 2009; 9:50 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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