Stocks up at opening, anticipating Bernanke testimony
Stocks are up at opening ahead of Fed Chairman Ben Bernanke's semiannual report to Congress on the state of the economy.
In the first 15 minutes of trading, the Dow is up half of 1 percent.
The broader S&P 500 is up half of 1 percent and the tech-heavy Nasdaq is up seven-tenths of 1 percent.
The markets will be paying attention to new homes sales figures, due out at 10 a.m.
Of course, the big news of the day is the congressional testimony of Akio Toyoda, head of Toyota and grandson of the company's founder, which is set to kick off at 11 a.m. To read my interview with Toyoda's chief inquisitor, Rep. Darrell Issa (R-Calif.), click here.
Click here to read today's story on Tuesday's Toyota testimony on the Hill, by Peter Whoriskey and me.
In other news today, traders and investors will be looking for exit strategy news from Bernanke when he makes his report to Congress later today.
Follow me on Twitter at @theticker
February 24, 2010; 9:51 AM ET
Categories: The Ticker | Tags: Ben Bernanke, Dow Jones, nasdaq, s&p 500, toyota congressional hearings
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