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Stocks open up slightly on mixed earnings news
Wall Street opened up slightly on mixed corporate earnings news.
In the first 20 minutes of trading, the Dow is just barely above water.
The broader S&P 500 is up two-tenths of 1 percent, and the tech-heavy Nasdaq is up nearly four-tenths of 1 percent.
Investment bank Morgan Stanley returned to profitability in third-quarter earnings, beating expectations on both the top and bottom lines. Wells Fargo beat projections on both lines, as well, but reported rising loan losses.
Meanwhile, Boeing reported a worse-than-expected $1.6 billion loss in the quarter, thanks to charges related to its long-delayed -- and apparently cursed -- 787 Dreamliner, which the company has pegged its future to and just ... can't ... get ... off ... the ... ground.
-- Frank Ahrens
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By
Frank Ahrens
|
October 21, 2009; 9:53 AM ET
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No, stocks down.