US stocks dip after Bernanke speech

US stocks closed sharply lower after Federal Reserve chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy.

US stocks dip after Bernanke speech

US stocks closed sharply lower after Federal Reserve chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy.

In a speech closely watched by investors, Mr Bernanke said the Fed will consider a range of steps at its September 20-21 meeting, but he offered no specific plans.

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