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Stocks Run In Place

By Kevin Spak, Newser Staff

Posted May 27, 2009 8:44 AM CDT

(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.

A trader works on the floor of the New York Stock Exchange on Friday, May 1, 2009, in New York. (AP Photo/Jin Lee)

Traders work on the floor of the New York Stock Exchange on Friday, May 1, 2009, in New York. (AP Photo/Jin Lee)

Traders gather at the post that handles MGM on the floor of the New York Stock Exchange Thursday, May 14, 2009. (AP Photo/Richard Drew)

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More Newser Stories

Behind Facebook's Flop: Morgan Stanley Cut Forecast

Fingers pointing at Morgan Stanley for multiple reasons

Facebook IPO: The Emperor Has No Clothes

Stock's rough first day has pundits asking if it's DOA

Facebook Stock Plummets

Second day on the market goes poorly without underwriter support

Lawsuit Could Wipe Out Facebook IPO Windfall

...but bids in Germany have hit $74 a share

Facebook's IPO Day Is Here —and Nasdaq Braces Itself

Trading opens at 11am ET

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