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Markets Open Mixed

Wall Street opened mixed this morning, as the markets digest the nature of the new, post-bankruptcy GM and await preliminary July consumer confidence numbers, out later this morning.

In the first 15 minutes of trading, the Dow is down about 30 points, or less than half of 1 percent.

The broader S&P 500 is down about the same amount but the tech-heavy Nasdaq is up slightly.

Traders will be watching the consumer confidence number closely to see how it jibes with the rising tide of sour economic indicators that launched with last week's surprisingly bad June unemployment numbers.

-- Frank Ahrens
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