Stocks Inch Lower as Bernanke Taking Questions; Said Fed Was 'Too Optimistic' Previously
Tweet Send to a Friend
Stocks are ticking lower as Bernanke has finished reading his prepared comments and is now getting into the Q&A session.
So far, Bernanke has said the Fed would consider further asset purchases if necessary, and also said they still have "ammunition." He believes the Fed was previously too optimistic. Bernanke called the extension of Operation Twist a "substantive step."
The Dow is now down almost 35 points, the Nasdaq is down 3, and the S&P 500 is down about 4.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
So far, Bernanke has said the Fed would consider further asset purchases if necessary, and also said they still have "ammunition." He believes the Fed was previously too optimistic. Bernanke called the extension of Operation Twist a "substantive step."
The Dow is now down almost 35 points, the Nasdaq is down 3, and the S&P 500 is down about 4.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Kansas City Southern (KSU) to Replace Dean Foods (DF) in S&P 500; WhiteWave Foods (WWAV) to S&P MidCap 400
- Tableau Software (DATA) IPO Surges Higher
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
Create E-mail Alert Related Categories
Fed, Market Check, Trader TalkRelated Entities
Ben S. Bernanke, Standard & Poor's
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
