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Monday, November 16, 2009
U.S. Stocks Off Highs On Bernanke Speech
By Nick Godt
MarketWatch Pulse
NEW YORK -- U.S. stocks lost a bit of steam in midday trade Monday, after Federal Reserve Chairman Ben Bernanke said the most likely outcome for the economy is moderate economic growth with subdued inflation. Up nearly 150 points before the speech, The Dow Jones Industrial Average last gained 111 points, or 1.1%, to 10,381. The S&P 500 index rose 14 points, or 1.3%, to 1,108, while the Nasdaq Composite rose 27 points, or 1.3%, to 2,195.
Copyright © 2009 MarketWatch, Inc.
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