US markets retreated as Federal Reserve Chairman Bernanke said that economic prospects remain uncertain and said more action will be necessary to jolt the economy out of the financial crisis. The S&P ended a few points below the 700 mark for the first time since October 1996.
The Dow Jones closed at 6,726.02, down 37.27 points or 0.6%. The S&P 500 Index closed at 696.33 to fall 4.49 points or 0.6%. The Nasdaq Composite Index ended at 1,321.01, down 1.84 points or 0.1%. The Nasdaq was the best performer of the three major indexes, shedding less than 2 points to close at 1,321.01 amid strength in tech stocks.
The Dow Jones closed at 6,726.02, down 37.27 points or 0.6%. The S&P 500 Index closed at 696.33 to fall 4.49 points or 0.6%. The Nasdaq Composite Index ended at 1,321.01, down 1.84 points or 0.1%. The Nasdaq was the best performer of the three major indexes, shedding less than 2 points to close at 1,321.01 amid strength in tech stocks.
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