Network News

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

Weak jobs report, strong dollar push stocks down at opening

Stocks are down at opening this morning, pushed that way by a worse-than-expected new jobless claims report and a rebounding dollar.

In the first 25 minutes of trading, the Dow is down six-tenths of 1 percent.

The broader S&P 500 is down seven-tenths of 1 percent and the tech-heavy Nasdaq is down nearly seven-tenths of 1 percent.

We're awaiting the Senate banking committee vote on Fed Chairman Ben Bernanke's reappointment. Already, a number of senators have said they will vote against Bernanke, including ranking minority member Sen. Richard Shelby (R-Ala.). Here's a piece on Shelby in today's Post written by my colleague Bob Kaiser.

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

By Frank Ahrens  |  December 17, 2009; 10:02 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: New jobless claims unexpectedly rise
Next: Banking committee votes 16-7 to reconfirm Bernanke

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