Stocks down at opening on jobless news, Greece worries
Stocks continued their sell-off at opening today, following worse-than-expected news on new jobless claims and renewed worries about Greece's debt situation.
In the first 30 minutes of trading, the Dow is down three-tenths of 1 percent.
The broader S&P 500 is down four-tenths of 1 percent and the tech-heavy Nasdaq is down half of 1 percent.
Last week's new jobless claims unexpectedly rose by 18,000. Investors continued to worry about a possible default by Greece. Asian and European markets were down by 1 percent.
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By
Frank Ahrens
|
April 8, 2010; 10:07 AM ET
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Posted by: tossnokia | April 8, 2010 11:17 AM | Report abuse
The Greek villany is going to be preserved by the new corporation of hell. Here's a tip. Don't locate a large magazine of gunpowder in a populous city. A danger to public safety. If we use the art of cheat and delusion, we can't very well complain that we've been cheated and deluded. There are sure bets and Greece isn't one of them. Worry is easier than work. They'll work it out.
Posted by: tossnokia | April 8, 2010 12:48 PM | Report abuse
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It all backfired. Harvard Paid $500 Million to Exit Backfired Swaps? Hedge fund of funds' assets fall by 200bn. Hogs are all feeding now at Fed trough. We can just pretend the stock is going up and it's the same as going up. Freeze interest and freeze the AIG stock price and pretend it has value beyond your wildest dreams.