Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks seek direction ahead of Fed report

Stocks are seeking direction at opening ahead of today's Fed report and after not-so-bad February housing data.

In the first 20 minutes of trading, the Dow is flat.

The broader S&P 500 is up nearly one-tenth of 1 percent and the tech-heavy Nasdaq is just above water.

The Fed is expected to release its statement later today and keep interest rates at historic lows. But investors and traders will read the statement closely for language that may indicate when the Fed will begin to raise rates.

Also this morning, the Commerce Department said that new housing starts fell 5.9 percent in February, a number that is not surprising given that month's heavy snows.

Follow me on Twitter at @theticker.

By Frank Ahrens  |  March 16, 2010; 9:53 AM ET
Categories:  The Ticker , Wall Street  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Toyota casts doubt on runaway Prius driver's story
Next: Data: Toyota drivers experience more runaway acceleration than owners of other vehicles

Comments

When the bit gets dull. Bit change, so gotta go change oil in clunker. Stay on top of her Post!

Posted by: tossnokia | March 16, 2010 11:55 AM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company