Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Earnings Push Stocks Down at Opening

Wall Street opened down this morning, pushed south by larger-than-expected earnings from Bank of America and so-so earnings from General Electric.

In the first 15 minutes of trading, the Dow is down 78 points, or nearly eight-tenths of 1 percent, 16 points under 10,000.

The broader S&P 500 is down eight-tenths of 1 percent and the tech-heavy Nasdaq is down six-tenths of 1 percent.

Halliburton saw third-quarter profit drop but still beat expectations. Toymaker Mattel hit expectations with lower earnings.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  October 16, 2009; 9:50 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Sept. Industrial Production Beats Estimates
Next: Stocks up at opening as earnings continue


How you achieve success is just as important as success itself. Maybe more important.

Posted by: Dermitt | October 16, 2009 11:57 AM | Report abuse

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company