Markets Open Up Slightly
Wall Street tried to regain some of its big losses from yesterday and opened up slightly this morning.
In the first 15 minutes of trading, the Dow was up about 13 points, or about one-tenth of 1 percent.
The broader S&P 500 was up about the same, but the tech-heavy Nasdaq was up nearly half a percent.
The markets were bolstered by this morning's better-than-expected news about housing starts (we'll talk about that later), some optimism from Germany and some good news about inflation -- wholesale prices rose less than expected in May.
The Dow lost 2.1 percent yesterday, its first drop in three days and the biggest percentage drop since May 13. The Dow is down 1.8 percent for the year.
-- Frank Ahrens
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By
Frank Ahrens
|
June 16, 2009; 9:47 AM ET
Categories:
The Ticker
| Tags: Dow Jones, housing crisis, inflation, nasdaq, s&p 500
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