Stocks End Mostly Lower in Volatile Session
In a jagged, see-saw session, major U.S. stock indexes ended mostly lower, with only the Nasdaq composite index able to eke out a small gain. It was certainly a busy day, replete with congressional testimony from Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, and Securities and Exchange Commission Chairman Christopher Cox; news of another cost-cutting plan by General Motors (GM); a plunge in the price of crude oil; data on inflation and retail sales; and a spate of major earnings releases.
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