Stocks higher at opening following housing news
Stocks are higher this morning, following a surprise boost in housing starts in January.
In the first 20 minutes of trading, the Dow is up three-tenths of 1 percent.
The broader S&P 500 is up three-tenths of 1 percent and the tech-heavy Nasdaq is up two-tenths of 1 percent.
Housing starts jumped 2.8 percent in January to their highest level in six months. At the same time, however, building permit applications fell slightly less than forecast, painting a picture of a mixed housing recovery.
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By
Frank Ahrens
|
February 17, 2010; 9:51 AM ET
Categories:
The Ticker
,
Wall Street
| Tags: Dow Jones, nasdaq, s&p 500
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