Network News

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

Stocks down at opening

Wall Street is down across the board this morning, as stock volatility continues.

In the first 20 minutes of trading, the Dow is down three-tenths of 1 percent.

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

One stock that is up, and waaay up, is Burlington Northern railway, which has popped 28 percent at opening, in the wake of Warren Buffett's announcement this morning that he's going to buy the rest of what he doesn't own of the Western railroad giant. Buffett offered a big premium on the stock -- $100 per share -- to bring the rest of the railroad into his portfolio. I'll break down the purchase here shortly.

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

By Frank Ahrens  |  November 3, 2009; 9:51 AM ET
Categories:  The Ticker  | Tags: Burlington Northern, Dow Jones, Warren Buffett, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Stocks close up after wild ride
Next: Instant analysis: Why Buffett spent $34 billion to buy a railroad

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company