Markets Open Up Slightly in Rebound
Wall Street opened up slightly this morning as it attempted to recover from yesterday's big pullback, in which all the major indexes dropped more than 2 percent.
In the first 15 minutes of trading, the Dow was up 37 points, or about 0.4 percent.
The broader S&P 500 was up about the same amount and the tech-heavy Nasdaq was up nearly 0.6 percent.
Markets this morning got mixed economic signals: Producer prices were down in July and have plummeted over the past year, and July housing starts were lower than expectations. At the same time, Home Depot and Target reported second-quarter earnings that beat expectations.
August 18, 2009; 9:49 AM ET
Categories: The Ticker | Tags: Dow Jones, Home Depot, Target, nasdaq, s&p 500
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