Network News

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

Stocks Up Slightly After Trade Gap Narrows

Wall Street opened down this morning but then rose, following news that the U.S. trade gap narrowed. This means imports fell because U.S. consumers are buying less, a sign of a soft economy.

In the first 15 minutes of trading, the Dow is just slightly above even.

The broader S&P 500 is up slightly less and the tech-heavy Nasdaq is up about two-tenths of 1 percent.

Forecasters expected the trade gap to increase, but diminished demand for oil imports drove it downward.

Today is the two-year anniversary of the all-time Dow closing high of 14,164. I'll talk some more about that later.

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

By Frank Ahrens  |  October 9, 2009; 10:00 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: How a Weak Dollar Kills Prosperity
Next: Citigroup Sells Unit That Employs $100 Million Bonus Man


If it won't produce, put it into shut-down mode. Some of these people would start a garden in November and wonder why nothing would grow. It's looking like a long and cold winter. Burn dead wood.

Posted by: Dermitt | October 9, 2009 11:46 AM | Report abuse

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company