Summary
NEW YORK - Wall Street's interest rate anxiety sent stocks moderately lower Monday after comments from Federal Reserve Chairman Ben Bernanke compounded investors' concerns about surging oil prices and a weak U.S. dollar.
Stocks had traded in positive territory for most of the session, lifted by an upbeat sales report from Wal-Mart Stores Inc. and a raft of solid economic data on industrial activity, construction and consumer spending. But the market took a late-day dive after reports that Mr. Bernanke said he was worried about media and investor speculation that the Fed is done raising interest rates in its long-running battle against inflation.See the full content of this document
Extract
Stocks End Lower On Fed Chief's Comment
Last Thursday, Mr. Bernanke told a congressional panel...
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