NEW YORK - WALL Street is proceeding cautiously into the first full week of 2009. Stocks are down in early trading as investors await a reading on construction spending and examine a tax-cut proposal by president-elect Barack Obama.
Mr Obama is calling on Congress to pass an economic stimulus plan designed to create three million jobs.
Monday's lower open was not surprising after a rally Friday that left the Dow Jones industrial average at a two-month high. Some investors remain hesitant to jump into a battered market with the economy still weak.
The Dow Jones industrials are down 65 at the 8,969 level. -- AP
