Stocks slightly down at opening following tepid inflation data
Stocks are down slightly at opening, following this morning's news that January inflation was essentially flat.
In the first 15 minutes of trading, the Dow is down one-tenths 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 down nearly two-tenths of 1 percent.
The Fed may be saying it's not going to raise its federal funds rate until much later this year, but stocks today are acting like they think a rate hike will come sooner, following yesterday's Fed hike in the emergency-loan rate.
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By
Frank Ahrens
|
February 19, 2010; 9:23 AM ET
Categories:
The Ticker
,
Wall Street
| Tags: Dow Jones, inflation, nasdaq, s&p 500
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