Stocks finally break into positive territory
UPDATED at 3:05 p.m.:
With an hour to go on the trading day, stocks have moved into positive trading territory and look to close on the upside.
The Dow is up nearly three-tenths of 1 percent.
The broader S&P 500 is up a little less than two-tenths of 1 percent and the tech-heavy Nasdaq is up one-quarter of 1 percent.
Stocks climb toward even
2:08 p.m.: With two hours to go on the trading day, stocks have trimmed their losses from earlier in the day but are still in negative territory or just barely positive.
As 2:08 p.m., the Dow is just above water.
The broader S&P 500 is down about two-tenths of 1 percent and so is the tech-heavy Nasdaq.
Wall Street seems to have largely shrugged off the debt troubles in Greece in Spain, which you can read about by clicking here.
The dollar dropped throughout the day, which helped trim the stock market's losses. And today's wholesale inventories news probably has helped, too, but not quite enough to drag stocks into positive territory.
Stocks plunge at opening, following Tuesday's sell-off
9:54 a.m.: Yesterday's big sell-off continued into today's opening, as stocks are down on Wall Street.
In the first 20 minutes of trading, the Dow is down one-third of 1 percent.
The broader S&P 500 is down a little more than half of 1 percent and the tech-heavy Nasdaq is down seven-tenths of 1 percent.
The October report on wholesale inventories is scheduled to be released at 10 a.m. today. Inventories dropped about 1 percent in September, as wholesalers let their shelves empty.
Meanwhile, a report from the UCLA Anderson Forecast group out Wednesday predicts that unemployment will peak at 10.5 percent early next year and stay above 10 percent for most of next year.
The national unemployment rate in November came in at 10 percent, down from 10.2 percent in October.
GDP will retreat to a 2 percent growth in 2010 before bumping up to 3 percent in 2011, the report said.
-- Frank Ahrens
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December 9, 2009; 3:05 PM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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