Stocks Limp Higher

By Kevin Spak,  Newser Staff
Posted Feb 24, 2009 8:46 AM CST
Trader Albert Young works on the floor of the New York Stock Exchange, Monday, Feb. 23, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks inched higher at the open today, after a punishing session yesterday that left them at their lowest closing level since 1997. The Dow rose 40 points, while the Nasdaq and S&P each gained 0.7%. Financials are still the focus, with AIG shares tumbling 23% on reports it would need more help. JPMorgan, meanwhile, rose 2.3% premarket, despite slashing its dividend by 87%.