Stocks Flat Despite Housing Plan

By Kevin Spak,  Newser Staff
Posted Feb 18, 2009 8:49 AM CST
Geoffrey Friedman of Barclays Capital leans on his trading post on the floor of the New York Stock Exchange, Tuesday, Feb. 17, 2009 in New York.   (AP Photo/Henny Ray Abrams)
camera-icon View 2 more images

(Newser) – Stocks barely budged at the open today, as optimism over President Obama’s home foreclosure plan was canceled out by grisly housing numbers. The Dow inched up a handful of points, while the Nasdaq and S&P each gained about 0.5%. Housing starts fell 16.8% in January, much worse than the 5% analysts expected. Since last year, they’ve fallen 56%.