Markets Open Modestly Up as Treasury Lets 10 Banks Pay Back Bailout
Wall Street opened modestly up this morning, as traders awaited the federal government's announcement of which banks it will allow to pay back bailout money.
In the first 15 minutes of trading, the Dow is up 27 points, or about a third of a percent.
The broader S&P 500 is up about half a percent and the tech-heavy Nasdaq is up nearly 1 percent.
Treasury said moments ago that 10 of the largest banks that have received money will be allowed to pay back their bailout money, but bank names have not been released yet.
-- Frank Ahrens
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By
Frank Ahrens
|
June 9, 2009; 9:49 AM ET
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| Tags: dow, nasdaq, s&p 500
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