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

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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By Frank Ahrens  |  August 27, 2009; 9:47 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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Next: FDIC Bank Failure Fund Drops $2.6 Billion in Second Quarter

Comments

Might want to try this on WaPo
http://www.digitalglobe.com/
Stay On Post. Gotta runn.

Posted by: Dermitt | August 27, 2009 10:26 AM | Report abuse

Millions of Americans are unemployed and all our leaders want to do is protect illegals who are taking millions of needed blue collar jobs from American Citizens, and hurting our most vulnerable populations in our American communities.

Millions of Americans are unemployed and yet our Government allows the importing of 1.5 million annually of so called temporary Foreign labor for White and Blue collars jobs and keeping Americans young and old out of good paying jobs.

Millions of Americans are unemployed and yet our Government allows the exporting of White and Blue collars jobs and keeping Americans young and old out of good paying jobs.

The economy can not recover without jobs for Americans.

Posted by: HernandezUSA | August 27, 2009 10:55 AM | Report abuse

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