The major indexes opened mostly lower as investors awaited the government's plan to overhaul the financial services industry. The Dow slipped 2 points to 12,214
while Nasdaq lost 4 points to 2258.
On the upside
On the downsideShares of Merck (NYSE: MRK) and Schering-Plough (NYSE: SGP) tumbled on reports that the companies' joint anti-cholestrol drug may be ineffective.
In the broad market, advancing issues outpaced decliners by
a margin of 2 to 1 on the NYSE and by nearly 2 to 1 on
Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 684.