http://finance.yahoo.com/news/Stocks-mixed-in-early-going-apf-1914203759.html?x=0
Stocks are mixed in early trading, the same day that President Obama plans to formally unveiled his budget proposal for next year. Obama is expected to propose a $3.73 trillion budget that includes a five-year freeze on many domestic spending programs. There is little in the way of major economic reports this week. MGM Resorts said before the bell that it lost $139 million last quarter, a little less than analysts had expected.
The Dow Jones industrial average is down 21 points, or 0.2 percent, to 12,253 in early trading. The S&P 500 is flat at 1,329. The Nasdaq composite is up 2 points, or less than 0.1 percent, to 2,811.
this has to do with government because the stock market is basically the center of the United states economy and if any thing happens to it when we are all screwed.
I think that it's good that the drop was less than perdicted. It shows that americans are more comfident with the stock market and that they won't just pull their money out because of bad news. i think it shows that are economy is actaully improving somewhat.
I agree, I think it does show improvement in the economy. People have to feel more confident to invest their money in the stock market. Even though the President's budget is a lot higher than what he previously has said it would be, at least maybe things are starting to get better. And maybe if the president really does pull out of the wars that will help the stock market and the economy do even better.
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