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

New Jobless Claims Drive Stocks Down at Opening

A higher-than-expected number of new jobless claims from last week, released this morning, pushed Wall Street down at opening.

In the first 15 minutes of trading, the Dow is down 57 points, or nearly 0.6 percent.

The broader S&P 500 is off nearly three-quarters of 1 percent and the tech-heavy Nasdaq is down a little more than that.

Yesterday was a wild ride on Wall Street, as the third quarter came to a close. Stocks plunged more than 1 percent soon after opening, recovered most of their losses during the day then dipped again before close. Nevertheless, the day ended the Dow's best quarter since 1998, defying the historical data showing September as the worst trading month of the year.

-- Frank Ahrens
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By Frank Ahrens  |  October 1, 2009; 9:48 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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