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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Markets Open Flat

Wall Street opened flat, possibly digesting weak June retail numbers released this morning.

In the first 20 minutes of trading, the Dow is down about 5 points, or an insignificant percentage.

The broader S&P 500 and the tech-heavy Nasdaq are both up about the same amount the Dow is down.

Bargain retailer Costco reported a 6 percent drop in same-store sales during this June, compared to last year, in line with Wall Street expectations.

Target's same-store June sales were down 6.2 percent, worse than Wall Street expected.

Analysts blamed rising unemployment and wet weather, which discouraged shoppers from buying summer clothes.

-- Frank Ahrens
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By Frank Ahrens  |  July 9, 2009; 9:53 AM ET
Categories:  The Ticker  | Tags: Costco, Dow Jones, Target, nasdaq, s&p 500  
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