Network News

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

Markets Open Largely Flat

Wall Street opened essentially flat this morning, as traders await the closing-bell second-quarter results of aluminum giant Alcoa, kicking off earnings season.

In the first 20 minutes of trading, the Dow is up about 34 points, or less than half of 1 percent.

The broader S&P 500 is up about the same amount. The Nasdaq is up about half of 1 percent.

Alcoa typically is the first major industrial to report quarterly earnings. Forecasters expect the company to show its third straight quarter of losses.

The markets typically trade sideways in the session before earnings season begins, so don't expect a lot of fireworks or volume today.

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

By Frank Ahrens  |  July 8, 2009; 9:51 AM ET
Categories:  The Ticker  | Tags: Alcoa, Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Exactly How Big Is AIG's Bailout?
Next: Another Stimulus Needed? G8 Leaders Say: Quite Possibly

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company