Stocks Slide on Greenspan Comments

Investors find hints of coming rate hikes in Greenspan's comments to the Senate Banking Committee, which overshadowed strong earnings news

Stocks dove deep into the red in the final minutes of trading Tuesday, when Federal Reserve Chairman Alan Greenspan commented that the banking system is well positioned for an eventual rate hike. The Nasdaq lost more than 2%.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.