In the news:
- European shares slide after Bernanke comments rattle investors4:39 AM ET | Reuters
- Japan vice finmin Yamaguchi: will closely monitor market moves4:37 AM ET | Reuters
- EU's Barnier wants big companies to reveal national tax bills4:35 AM ET | Reuters
- Japan stocks dive as benchmark bond yield spikes4:29 AM ET | AP
- Japan econmin Amari: No need to be upset about sharp stock falls4:27 AM ET | Reuters
- Dairy Crest CEO Interviewed on Full-Year Results4:24 AM ET | PR
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[BRIEFING.COM] The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness.
Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman Bernanke said premature tightening of monetary policy could stall the pace of recovery. This followed weeks of conflicting remarks from FOMC members, which sparked speculation regarding possible changes to the Fed's policy course.
However, ... More
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