Stocks fell on Bernanke’s testimony
Stocks fell in disappointment after Fed Chairman Ben Bernanke gave his semiannual testimony to the US Congress. Investors were expecting the Fed to announce new measures to stimulate growth but instead, the Fed Chairman only said the economic outlook remains “usually uncertain”.
DJIA -109.43pts (1.07%) at 10120.53
S&P -13.89pts (1.28%) at 1069.59
Nasdaq -35.16pts (1.58%) at 2187.33