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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks rally at midday

UPDATED at 1:45 p.m.

Stocks have a nice little rally underway more than halfway through the trading day, buoyed by auto sales data from Ford and a slight uptick in pending home sales.

As of 1:45 p.m, the Dow is up 1 percent.

The broader S&P 500 is up 1.2 percent and the tech-heavy Nasdaq is up seven-tenths of 1 percent.

Stocks open up slightly

9:51 a.m.: Stocks are slightly up at opening ahead of January auto sales, which will be reported beginning at noon with Ford.

In the first 20 minutes of trading, the Dow is up one-tenth of 1 percent.

S&P 500 is up one-tenth of 1 percent and the broader Nasdaq is essentially flat.

Pending home sales are set for a 10 a.m. release.

Also this morning, President Obama lays out his plan for small businesses.

Follow me on Twitter at @theticker

By Frank Ahrens  |  February 2, 2010; 1:45 PM ET
Categories:  The Ticker  | Tags: Dow Jones, Obama, auto sales, nasdaq, s&p 500  
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Next: January sales: Ford up 24%, GM up 14%, Toyota down 9%, Chrysler down 8%

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