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
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By
Frank Ahrens
|
July 8, 2009; 9:51 AM ET
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The Ticker
| Tags: Alcoa, Dow Jones, nasdaq, s&p 500
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