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U.S. Stocks Drop as Bernanke Spurs Concern Economy Is Slowing

U.S. stocks resumed losses as Federal Reserve Chairman Ben S. Bernanke said the central bank was too optimistic previously and the economic outlook has changed.

The Standard & Poor’s 500 Index dropped 0.3 percent to 1,354.03 at 2:25 p.m. in New York after fluctuating earlier as the Fed extended its Operation Twist program meant to reduce long-term borrowing costs.

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

Enlarge image Federal Reserve Chairman Ben S. Bernanke

Federal Reserve Chairman Ben S. Bernanke

Federal Reserve Chairman Ben S. Bernanke

Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the Federal Reserve.

Ben S. Bernanke, chairman of the Federal Reserve. Photographer: Andrew Harrer/Bloomberg

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