Markets Flat to Slightly Off at Opening
Wall Street opened flat to slightly lower at opening this morning; traders await the 10 a.m. delivery of the Commerce Department's June report on new home sales.
In the first 15 minutes of trading, the Dow was essentially flat.
The broader S&P 500 was the same, while the tech-heavy Nasdaq was positive by just a few points.
In a key earnings report from the manufacturing sector this morning, Honeywell International said second-quarter profit dropped 38 percent. Honeywell, a diversified manufacturer that should theoretically be a little more recession-proof than companies that make fewer products, saw sales drop from its aerospace unit (where it makes radars) to its controls unit (which makes products that regulate office climate and fire systems).
July 27, 2009; 9:52 AM ET
Categories: The Ticker | Tags: Dow Jones, Honeywell, nasdaq, s&p 500
Save & Share: Previous: That'll Be Another $5
Next: June New Home Sales Surge, But Don't Get Excited
The comments to this entry are closed.