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

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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By Frank Ahrens  |  September 1, 2009; 9:55 AM ET
Categories:  The Ticker  | Tags: Dow Jones, ISM, nasdaq, s&p 500  
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Next: Pending Home Sales, Manufacturing Up

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