Stocks Run In Place

By Kevin Spak,  Newser Staff
Posted May 27, 2009 8:44 AM CDT
A trader works on the floor of the New York Stock Exchange on Friday, May 1, 2009, in New York.   (AP Photo/Jin Lee)
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(Newser) – Stocks barely budged at the open today, with the Dow down less than 20 points, the Nasdaq down 0.4% and the S&P flat. General Motors sunk 17% on news of its near-certain bankruptcy, as did its parts suppliers. Bank of America, meanwhile, saw shares rise more than 4%. Stocks are expected to move more in response to existing-home sales data, due at 10am.