Stocks open mixed
Stocks opened mixed this morning, pulled down by a rising dollar that makes commodities more expensive for overseas buyers.
In the first 15 minutes of trading, the Dow is down one-tenth of 1 percent.
The broader S&P 500 is down a little more than one-tenth of 1 percent and the tech-heavy Nasdaq is flat.
In other news this morning, GMAC is days away from getting an additional $3.5 billion in taxpayer money, adding to the $12.5 billion the auto financing company has already received from the government, the Wall Street Journal is reporting.
It's a light day for economic data. The Chicago PMI index, a survey of purchasing managers' relative optimism throughout the Midwest, came in at 60, up from 56 in November.
Tomorrow, last week's new jobless claims will be released.
-- Frank Ahrens
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By
Frank Ahrens
|
December 30, 2009; 9:51 AM ET
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The Ticker
| Tags: Dow Jones, nasdaq, s&p 500
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