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
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November 10, 2009; 9:49 AM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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