The 30-year Treasury bond has retraced most of the losses it suffered yesterday and was up sharply this morning as stocks opened down.
There was more good news about the economy this morning. The
gross domestic product
advanced at a revised 6.1% annual rate in the fourth quarter, up from the original estimate of 5.6%.
The long bond shrugged off the news and bottom feeders flooded the market. The benchmark Treasury was up 1 5/32 to 95 11/32, yielding 5.572%.
Dow Jones Industrial Average
was down 15 to 9351. The
was down 4 to 1241.
Nasdaq Composite Index
was down 28 to 2298. The
was down fractionally at 392.
TheStreet.com Internet Sector
was down 5 to 502.
TheStreet.com E-Commerce Index
was down fractionally at 96.
Most Up at Open -- NYSE
Albertson's (ABS) , up 1 7/8 to 56
Most Up at Open -- Nasdaq
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
: A civil liberties group said yesterday it plans to file a complaint with the
Federal Trade Commission
today alleging the upcoming release of Intel's
chip is an unfair and deceptive trade practice.