Stocks Start Slowly in 2009

Open flat
By Kevin Spak,  Newser Staff
Posted Jan 2, 2009 8:49 AM CST
A gallery view of the floor of the New York Stock Exchange, Wednesday Dec. 31, 2008.   (AP Photos/Bebeto Matthews)
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(Newser) – Stocks started the new year with a whimper, opening flat in the first trading session of 2009. The Dow rose 26 points, while the S&P and Nasdaq saw 0.3% and 0.2% gains. Many traders were watching oil, which fell $3 today after a 14% surge on Wednesday. GM shares rose almost 9% after GMAC amended its financing agreement with the auto giant, and Citi rose 2.4% when its CEO and chairmen said they’d forego their 2008 bonuses.