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
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By
Frank Ahrens
|
November 3, 2009; 9:51 AM ET
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| Tags: Burlington Northern, Dow Jones, Warren Buffett, nasdaq, s&p 500
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