Wednesday, July 18, 2007

Bernanke's Comments Weigh Down Markets

Comments by Federal Reserve Chairman Ben Bernanke that the troubled housing market may continue to dampen economic growth sent the markets tumbling to a close with the Dow falling 53 points to 13,918. Nasdaq dropped 13 points to 2699 while S&P 500 lost 3 points to 1546. The 30-year bond rose as the yield slipped to 5.101%.

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