Markets Up Ahead of Economic Data
Wall Street opened up slightly ahead of a raft of economic data due out at 10 a.m.
In the first 20 minutes of trading, the Dow is up 42 points, or about half of 1 percent.
The broader S&P 500 is up about the same amount, and the tech-heavy Nasdaq, which has been leading this rally, is up nearly 1 percent.
At 10 a.m., July construction spending is out and is expected to have dropped a bit.
Also at 10 a.m. the ISM manufacturing report is out and is expected to show the sector in expansion rather than contraction for the first time in more than a year.
Also, automakers report August sales starting with Ford about noon today and are expected to show their first year-over-year increase in two years.
-- Frank Ahrens
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September 1, 2009; 9:55 AM ET
Categories: The Ticker | Tags: Dow Jones, ISM, nasdaq, s&p 500
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