Markets Slightly Off at Opening
Wall Street opened slightly off despite promising news in new jobless claims and GDP released this morning.
In the first 15 minutes of trading, the Dow is down 24 points, or about one-quarter of 1 percent.
The broader S&P 500 is down half of 1 percent and the tech-heavy Nasdaq is down slightly less than half of 1 percent.
New jobless claims last week fell 10,000 to 570,000, which is good, but they didn't fall low enough to meet expectations.
Gross domestic product for the second quarter shrank at a rate of 1 percent, which beat forecasters' estimates of a 1.5 percent decline.
-- Frank Ahrens
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August 27, 2009; 9:47 AM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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