US stocks fall back

US stocks retreated but managed a partial late-day recovery today as investors reacted uneasily to Federal Reserve Chairman Ben Bernanke's comments on the economy and news that two Bear Stearns Cos. hedge funds were essentially worthless.

US stocks fall back
Wed, 18 Jul, 2007 - 23:14

US stocks retreated but managed a partial late-day recovery today as investors reacted uneasily to Federal Reserve Chairman Ben Bernanke's comments on the economy and news that two Bear Stearns Cos. hedge funds were essentially worthless.

Even without any bad news, a downturn in stocks was expected after the rally that began last week.

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CourtsBusinessHeathrowPlace: USPerson: Federal ReservePerson: Ben BernankePerson: BernankePerson: Todd SalamoneOrganisation: Bear Stearns Cos.Organisation: Bear Stearns CosOrganisation: DowOrganisation: House Financial ServicesOrganisation: FedOrganisation: Bear StearnsOrganisation: Schaffer's Investment ResearchOrganisation: Bear Stearns'Organisation: JPMorgan Chase & Co.Organisation: Intel Corp.Organisation: Yahoo Inc.Organisation: Nasdaq
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