Fed Talk Sends Stocks Lower
Stocks finished lower Monday, sinking in the final hour on a CNBC report that Federal Reserve Chairman Ben Bernanke said media commentators misunderstood his recent congressional testimony. The report dampened speculation the Fed's rate hikes may be nearing an end, while a set of stronger-than-expected economic readings stoked inflation concerns, says Standard & Poor's MarketScope.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.