Wall Street Opens Up After Jobs News
Wall Street opened up following the weekly jobless claims numbers released this morning.
Futures had been pointing to a down opening, following yesterday's sell-off, but they turned on a dime after the Labor Department's 8:30 a.m. release of new jobless claims data from last week, showing the number dropped by 21,000 from the week before.
In the first 20 minutes of trading, the Dow is up about one-third of 1 percent.
The broader S&P 500 is up about one-quarter of 1 percent, ande the tech-heavy Nasdaq is up slightly less.
A positive day on Wall Street is crucial to traders and investors today to help determine whether yesterday's sell-off was a one-time blip or the beginning of a trough. For what it's worth, traders sensed nothing panicky about yesterday's sell-off.
-- Frank Ahrens
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September 24, 2009; 9:50 AM ET
Categories: The Ticker | Tags: Dow Jones, jobless claims, nasdaq, s&p 500
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