Wall Street Retreats After Bernanke Comments on Growth, Inflation
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NEW YORK, June 5 -- Wall Street skidded lower Tuesday after comments from Federal Reserve Chairman Ben S. Bernanke and a strong reading on the service sector suggested that the central bank has little reason to lower interest rates.
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US stocks retreated in late trading on Wednesday, closing lower, after former Federal Reserve chairman said he feared a &#39;massive contraction&#39; in Chinese stocks and a slowdown in global growth.
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Investor's Business Daily - Federal Reserve Chairman Ben Bernanke offered the market some soothing words Wednesday to counter consumer price and housing data that raised concerns about inflation and an economic slowdown.
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Wall Street stocks broke a three-day winning streak on Thursday when Ben Bernanke, the US Federal Reserve chairman, gave a downbeat outlook on the risks to the US economy amid heightened tensions in credit markets.
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U.S. stocks fell on Thursday as  investors took a breath after yesterday's broad-based rally and  a decision by China's central bank to raise interest rates for  the first time in nine years hit shares of companies that have  benefited from its rapid growth.
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Stocks fell on Tuesday after signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke all but eliminated expectations of an interest rate cut this year.
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Wall Street retreated ahead of a widely expected interest rate cut by the Federal Reserve as investors cashed in profits from the stock marketâs two-day rally.
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Stocks retreated yesterday, as a jump in producer prices raised concerns about inflation and aggressive interest-rate increases from the Federal Reserve, while a sales report from Wal-Mart Stores prompted investors to sell shares of retailers.
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Wall Street stocks retreated on Wednesday after economic growth rose far less than expected at the end of last year, renewing fears the US economy is entering a recession.
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Stocks fell Friday after accelerating inflation spurred concern that higher prices will curb consumer spending and give the Federal Reserve less leeway to cut interest rates.
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U.S. stock indexes stumbled on Friday after a manufacturing index showed its weakest reading in more than three years and a Federal Reserve official said more rate hikes may be required to control inflation.
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Federal Reserve Chairman Ben Bernanke said on Wednesday a sharp slide in stock markets this week has not changed the Fed's outlook for moderate U.S. growth.
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Wall Street retreated after Bank of America missed analystsâ earnings expectations and provided further evidence of how the credit crisis has hurt the economy.
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Stocks fell on Monday, pressured by a sell-off in energy shares after oil prices dropped and as investors were cautious before comments later this week from Federal Reserve Chairman Ben Bernanke.
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Wall Street stocks were set for a better start on Tuesday, and investors were waiting to hear the latest thoughts from Ben Bernanke, the Federal Reserve chairman.
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U.S. stocks rebounded on Wednesday after Federal Reserve Chairman Ben Bernanke said the economy was set to grow moderately, calming investors' anxiety a day after the Dow industrials had its worst tumble since the September 11, 2001, attacks.
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Federal Reserve Chairman Ben Bernanke told Congress on Wednesday housing market woes could dampen an expected pickup in U.S. economic growth, but he restated that the central bank's main worry is inflation.