Network News

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

Stocks up modestly at opening

Stocks opened up modestly this morning, following Monday's dollar-driven rally.

In the first 15 minutes of trading, the Dow is up one-tenth of 1 percent.

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

The U.S. dollar continues its slide, which has many problems associated with it (such as possible inflation), but it's good for traders, who can borrow more cheap money to buy more stocks. That's the reason for yesterday's rally, which pushed stocks to 2009 highs.

Today, the dollar's slide is at last momentarily halted, keeping stocks from taking off.

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

By Frank Ahrens  |  November 10, 2009; 9:49 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: U.S. now beating European unemployment rates
Next: Teen unemployment hits all-time highs

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