Stocks seek direction following inflation, jobs data
Stocks are mixed at opening following this morning's news on inflation and jobless claims.
In the first 30 minutes of trading, the Dow is up two-tenths of 1 percent.
The broader S&P 500 is essentially flat and the tech-heavy Nasdaq is just below water.
The Dow briefly touched its one-year high yesterday and the Nadsaq hit its 18-month high.
The government reported this morning the February inflation remained unchanged from the previous month at near-zero rates and new jobless claims dropped just a bit from the previous week, in line with expectations.
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By
Frank Ahrens
|
March 18, 2010; 10:02 AM ET
Categories:
The Ticker
,
Wall Street
| Tags: Dow Jones, nasdaq, s&p 500
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