- Obama shortens sentence of inmate from Cape (1/19/17)9
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Area hospitals hope a box helps prevent infant deaths (1/19/17)6
- Jackson police describe night of anger, car crashes, drug possession by 18-year-old (1/22/17)5
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)8
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)4
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Local students to perform with choir at inauguration (1/19/17)3
- Southeast to lose $3.5 million from state in budget cuts (1/18/17)21
- Subjects of interest in 1992 killing take polygraph tests; results not revealed (1/18/17)2
Stock market climbs modestly at the opening bell
AP Business WriterNEW YORK (AP) -- The stock market climbed modestly at the opening bell Wednesday, a day after holding steady amid the political turmoil.
In the first few minutes of trading, the Dow Jones industrial average was up more than 30 points.
On Tuesday, the Dow closed down 17.30 at 8,903.40 after giving up gains that had lifted the index back above the 9,000 level. The Nasdaq fell 24.47 to 1,555.08, and the Standard & Poor's 500 declined 6.03 to 1,032.74.
The refrain from heavy selling was welcome after the big sell-off on Monday, the first day of trading since the Sept. 11 terrorist attacks. The blue chips lost a record 684.81 points and fell below 9,000 for the first time in 2 1/2 years.
"Uncertainty is a primary enemy for the market, and the events of the last week have created a high level of uncertainty," said Ricky Harrington, technical analyst for Wachovia Securities.
Tuesday's losers included travel services and insurance. Online travel agent Expedia dropped $4.36 to $19.64. Winners included airlines, which suffered punishing losses a day earlier. AMR, the parent of American Airlines, gained $2 to $20, and United Airlines rose $1.49 to $18.99.