Markets Up at Opening
Wall Street opened up this morning, boosted by a surprise jump in durable goods orders in May, the Commerce Department reported this morning.
In the first 15 minutes of trading, the Dow was up about 50 points, or a little more than half of 1 percent.
The broader S&P 500 was up about three-quarters of 1 percent and the tech-heavy Nasdaq was up 1.2 percent.
Durable goods are big-ticket items, like refrigerators. Sales rose a surprise 1.8 percent in May, compared with April. Forecasters expected a drop.
The markets await word from the Fed today, following its meetings. No one expects a hike or cut in interest rates, but the markets will look for signs that the Fed is telegraphing an interest-rate hike in coming quarters.
June 24, 2009; 9:48 AM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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Posted by: psouleles | June 24, 2009 10:43 AM | Report abuse
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