Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Markets Open Down

Wall Street opened down this morning, as traders digested the June durable-goods report from Commerce and hashed out the big Microsoft-Yahoo deal.

In the first 20 minutes of trading, the Dow was down 32 points, or less than half of 1 percent.

The S&P 500 and the tech-heavy Nasdaq were both down about half of 1 percent.

Orders for big-ticket durable goods (aircraft, cars, metals, etc.) plunged by the biggest amount in five months, Commerce said this morning, a number that wasn't so bad if you take out orders for aircraft.

Meanwhile, Yahoo finally managed to get tossed half a lifeline from Microsoft, after famously spurning its $31 per share takeover offer last year. (Yahoo is trading for half that this morning.)

The two companies agreed to a tie-up in search, as The Post's Cecelia Kang reported this morning.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  July 29, 2009; 9:55 AM ET
Categories:  The Ticker  | Tags: Dow, Microsoft, Yahoo, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Orders for Big-Ticket Items Plunge in June
Next: Fed's Beige Book: Pace of Decline Slowing in More Parts of U.S.

Comments

Lead down by AIG, the new standard. All structured and no form. Drop it like a rawk as they say in Maine.

Posted by: Dermitt | July 29, 2009 10:09 AM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company