Markets Open Flat After Gangbusters Monday
Wall Street opened flat this morning as investors await pending home sales data later this morning, following a Monday rally that pushed the S&P 500 to its highest close in seven months.
In the first 15 minutes of trading, the Dow is up about 7 points, or essentially flat.
The broader S&P 500 and the tech-heavy Nasdaq are flat, as well.
The National Association of Realtors releases its pending home sales for April later this morning. The index ticked upward in March.
The markets have been on a 25-percent-plus winning streak since bottoming in early March, so traders are expecting a pullback, or slight sell-off, oh, any day now. Of course, they've been saying that for the past couple of weeks.
June 2, 2009; 9:46 AM ET
Categories: The Ticker | Tags: Dow Jones, National Association of Realtors, nasdaq, s&p 500
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Posted by: martynstrong | June 2, 2009 1:56 PM | Report abuse
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