Stocks mixed following jobless, Goldman news
Stocks are mixed at opening this morning following news that new jobless claims rose and Goldman Sachs's fourth-quarter profit soared.
In the first 15 minutes of trading, the Dow is down two-tenths of 1 percent.
The broader S&P 500 is up one-tenth of 1 percent and the tech-heavy Nasdaq is up nearly half of 1 percent.
Forecasters expected new jobless claims filed last week to drop. Instead, they rose by 36,000 to 482,000, indicating a slow and rocky recovery ahead and a national unemployment rate that will hover around 10 percent for months.
Meanwhile, Goldman continued to outpace the Street, with whopping trading results. Goldman earned $4.8 billion in the fourth quarter, a number that is likely to create further outrage from quarters that oppose the big Goldman bonuses.
-- Frank Ahrens
Follow me on Twitter at @theticker
January 21, 2010; 9:50 AM ET
Categories: The Ticker | Tags: Dow Jones, Goldman Sachs, jobless claims, nasdaq, s&p 500
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