Stocks mixed at opening following strong Caterpillar earnings
Stocks are mixed at opening this morning following strong first-quarter Caterpillar earnings on a day absent any big market-moving data.
In the first 20 minutes of trading, the Dow is up two-tenths of 1 percent.
The broader S&P 500 and the tech-heavy Nasdaq are both just slightly underwater.
Caterpillar said its earnings were greatly helped by activity in Asia and Latin America, where stimulus money has been spent to build things that require Caterpillar machines.
Whirlpool this morning said that its first-quarter earnings more than doubled compared with the previous quarter; the world's largest appliance maker said global demand helped drive sales.
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By
Frank Ahrens
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April 26, 2010; 9:59 AM ET
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| Tags: Asia, Business, Caterpillar, Equities, Investing, S&P 500, Stocks and Bonds, Twitter
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Posted by: sdchanman | April 27, 2010 5:19 PM | Report abuse
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Suckers.....One born every minute. This way to the egress...Getting them ready for the slaughter in July....LOL