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Mixed start for stocks

U.S. markets little changed at the open as investors show caution ahead of week's economic reports.

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NEW YORK (CNNMoney.com) -- Stocks opened little changed Monday as investors were cautious ahead of the week's economic reports

The Dow Jones industrial average gained 0.1%. The Nasdaq composite index eased 0.2%. The Standard & Poor's 500 index was 0.1% lower.

In the news Monday:

Fannie Mae: Shares fell almost 3% in Europe after an article over the weekend in Barron's suggested the giant mortgage backer could need a government bailout if the housing market continues to swoon. Stock (FNM)

Countrywide Financial: The FBI is looking into fraud allegations against the mortgage lender, a U.S. government official told CNN. Stock (CFC, Fortune 500)

Thornburg Mortgage: An analyst downgraded the stock, less than a week after a lender issued a default notice to the mortgage and real estate investment trust. Stock (TMA)

McDonald's: The world's largest hamburger chain Monday its global same-store sales rose 11.7%, driven by growth in Europe and the benefit of an extra selling day this year. Stock (MCD, Fortune 500)

Wyeth: The drug maker said Monday it will invest $280 million in a nutritional plant to be built in China. Stock (WYE, Fortune 500)

Chevron: The oil company and its partners have approved an investment of $3.1 billion to develop a gas project in the Gulf of Thailand, the company said Monday. Stock (CVX, Fortune 500)

Yahoo: The Internet portal company increased two top executives' bonuses last year amid a deepening slump that set the stage for Microsoft's unsolicited bid for the struggling Internet pioneer. Stock (YHOO, Fortune 500)

Dollar: The dollar slipped against the euro Monday, but traded above the all-time lows from last week when investors recoiled from dire U.S. jobs figures.

Gasoline prices: Prices rose more than 9 cents over the past two weeks, to a national average of $3.20 per gallon for self-serve regular, a survey said Sunday.

-- from staff and wire reports To top of page

Features
Markets Last Change
Dow Jones 10,520.10 53.66 / 0.51%
Nasdaq 2,285.69 16.05 / 0.71%
S&P 500 1,126.48 5.89 / 0.53%
10-year Bond 96 15/32 Yield: 3.80%
U.S.Dollar 1 euro = $1.438 0.000
December 24, 2009 12:00 AM ET
CompanyPrice% Change
YRC Worldwide Inc 1.01 6.23%
Freddie Mac 1.26 -3.82%
US Airways Group Inc 5.35 3.50%
Allegheny Technologies Inc 45.68 3.30%
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