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Market Update: Indices Make U-Turn Into Green

 

The Dow Jones Industrial Average djia and Nasdaq Composite Index nasdaq opened in a huff this morning, but had lately let off a lot of steam. Having traded down more than 50 points this morning, the blue-chip bluechips index was out of its funk.

Dow components Merck (MRK Quote), Johnson & Johnson (JNJ Quote), General Motors (GM Quote) and American Express (AXP Quote) were all trading higher in recent action.

On the heels of high-profile earnings warnings from Nortel (NT Quote) and Palm (PALM Quote) on Tuesday night, investors hit the sell button yesterday. But they let go of it this morning, even as the earnings and economic outlook remain uncertain. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,328.89 1,102.47 2,211.69 35.46
Oil *
73.88
UP
20.63
UP
6.40
UP
31.64
UP
0.59
10 Yr
3.55%
SPDR Gold
108.95
+0.20%
+0.58%
+1.45%
+1.69%
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