Wall Street Plunges at Opening
Wall Street plunged across the board at opening this morning, following a big Asian sell-off caused by last week's sour U.S. consumer news.
In the first 15 minutes of trading, the Dow is down 170 points, or about 1.8 percent.
The broader S&P 500 and the tech-heavy Nasdaq are both down more than 2 percent.
Compounding worries, Lowe's reported second-quarter earnings before the market opening that missed expectations, showing profits were down 19 percent, as homeowners put off improvements. Lowe's said store growth in 2010 will be lower than expected, and 2009 same-store sales will be down 7 to 9 percent.
August 17, 2009; 9:46 AM ET
Categories: The Ticker | Tags: Dow Jones, Lowe's, nasdaq, s&p 500
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Posted by: cavatellie | August 17, 2009 11:01 AM | Report abuse
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