Monday, November 20, 2017
 
 
News: Page (1) of 1 - 10/04/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Stocks slip ahead of Bernanke testimony
Stock indexes fall ahead of Bernanke testimony on economic outlook; Greece concerns continue
By The Associated Press

NEW YORK (AP) ' Stocks are dropping sharply in early trading ahead of Federal Reserve Chairman Ben Bernanke's testimony before Congress on the outlook for the U.S. economy.

Stocks fell broadly a day earlier after Greece said it will not be able to make budget cuts it agreed to as part of a deal to receive emergency loans. That raised new concerns about the strength of Europe's financial system.

Monday's declines sent the benchmark S&P 500 to the edge of a bear market ' a 20 percent decline from its April 29 high.



Minutes after the market opened, the Dow Jones industrial average was down 118 points, or 1.1 percent, to 10,537. The S&P 500 lost 12, or 1.1 percent, to 1,087. The Nasdaq fell 20, or 0.9 percent, to 2,316.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines