The markets opened mixed as investors mulled over June consumer confidence numbers that sank to 28-year lows. The Dow slipped 5 points to 11,448 while Nasdaq rose 3 points to 2324.
On the upside
On the downsideShares of Yahoo (Nasdaq: YHOO) slipped as investors were mostly unimpressed with the latest reorganization and executive shuffle at the beleaguered Internet portal.
Steelcase (NYSE: SCS) reported lower profits. The maker of office furniture raised its outlook, but it was still tempered by the slow U.S. economy.
In the broad market, declining issues outpaced advancers by a margin
of nearly 10 to 9 on the NYSE and were nearly even on Nasdaq. The
Russell 2000 which tracks small cap stocks rose a fraction to 699.