U.S. Stocks Trim Gain as Bernanke Says Europe Crisis a Threat

U.S. stocks trimmed gains after Federal Reserve Chairman Ben S. Bernanke said the economy is at risk from Europe’s debt crisis and fiscal tightening, while not detailing steps the central bank might take to stoke growth.

The Standard & Poor’s 500 Index climbed 0.8 percent to 1,324.98 at 10:03 a.m. in New York after earlier rallying as much as 1.1 percent following China’s interest-rate cut.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

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