U.S. stocks fell for a second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the slumping housing market remains a "significant drag" on the economy.
Bernanke's speech on Monday night in New York elevated concerns that the summer's credit tightness might persist into the winter.
The Dow Jones industrial average fell 71.86, or 0.51 percent, to 13,912.94, after falling more than 100 points earlier in the session. The Standard & Poor's 500 index slid 10.18, or 0.66 percent, to 1,538.53, and the Nasdaq composite index dipped 16.14,or 0.58 percent, to 2,763.91.
Source:Xinhua
|
Comment
Tell A Friend
Print Format
Save Article