Stocks down at opening as Dow flirts with 11,000
Much like the trouble it had punching back up through the 10,000 barrier, the Dow can't ... quite ... make ... it back through the 11,000 level.
In the first 20 minutes of trading, the Dow is down two-tenths of 1 percent.
The broader S&P 500 is down two-tenths of 1 percent and the tech-heavy Nasdaq is down less than one-tenth of 1 percent.
The two barriers are little more than psychological levels, but they are important to give traders and investors additional confidence to stay in the market and keep buying in, which will drive the markets higher.
The last time the Dow touched the 11,000 level was when it was crashing down through it in September 2008.
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By
Frank Ahrens
|
April 7, 2010; 10:00 AM ET
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