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
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By
Frank Ahrens
|
October 16, 2009; 9:50 AM ET
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The Ticker
| Tags: Dow Jones, nasdaq, s&p 500
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Posted by: Dermitt | October 16, 2009 11:57 AM | Report abuse
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