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

Markets Open Mixed

Wall Street opened mixed this morning, following news that private employers shed more jobs than expected in July.

In the first 15 minutes of trading, the Dow is down about 16 points, or nearly flat.

The S&P 500 is slightly down but the tech-heavy Nasdaq is just slightly above water.

The big jobs news comes Friday, when the Labor Department releases its July non-farm employment numbers and we'll see how much higher the official U.S. unemployment rate -- now at 9.5 percent -- creeps up

-- Frank Ahrens

By Frank Ahrens  |  August 5, 2009; 9:54 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500, unemployment  
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Next: Nine States at or Near Historic Highs on Unemployment

Comments

Global Dow plunged earlier. Mixed down might be better than mixed up though. Depends on what is being mixed. People have bad information and act on it. Sometimes doing nothing is better. Sit tight. WPO is dropping, which I could of never guessed. Who knows, it could be up 100 this afternoon. I'm sure you people are working on it, so keep working. The next thing you know it's Thanksgiving again. It's pure chaos here.

Posted by: Dermitt | August 5, 2009 11:56 AM | Report abuse

Gov selling $75 billion in debt next week. I think I'll pass or pass out. Smelling salts anybody? We made up money this morning sir. Try selling Citibank and see what it's worth. Throw a tarp over the corpses. It's over.

Posted by: Dermitt | August 5, 2009 12:02 PM | Report abuse

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