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

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.

-- Frank Ahrens
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By Frank Ahrens  |  August 18, 2009; 9:49 AM ET
Categories:  The Ticker  | Tags: Dow Jones, Home Depot, Target, nasdaq, s&p 500  
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Next: Target Earnings Beat Expectations

Comments

You gotta pay the mortgage and it's tough all over. US $4,504,100.00 so far.
Here is a once in a lifetime and into eternity opportunity to spend your eternal days directly above Marilyn Monroe.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=320412140795

Embalm, cremate and bury. Take no chances. Why not sell the house and let the dead rest? Talk about a big rebound and a big move. You can't even afford to rest in peace anymore.

Posted by: Dermitt | August 18, 2009 10:45 AM | Report abuse

Kay I'm still thinking about moving the family out west. You better send the lawyers. Guns and money too.

Posted by: Dermitt | August 18, 2009 10:51 AM | Report abuse

Nice rebounding today. Up 8.18. I thought 500.00 was reasonable. I was wrong, but WPO has intelligence and with that you have safe assets. How can you lose? I saw a hold and thought, yeah right hold on it's going to be a long week. Every week seems like a century. That's just me tho and 5 wild turkeys just walked by. This is Green Acres out here. Get green Post.

Posted by: Dermitt | August 19, 2009 1:25 PM | Report abuse

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