Markets Drop Over Bernanke's Comments

The markets closed lower over comments from Fed chief Bernanke that the troubled housing markets will continue to weigh on the economy. The Dow tumbled 72 points to 13,913. Nasdaq dropped 16 points to 2764 while S&P 500 fell 10 points to 1539. The 30-year bond eased as the yield edged up to 4.912%.