• Most Popular
  • Most Shared

US STOCKS-Indexes tumble 2 percent after Bernanke comments

Tue Jul 15, 2008 10:15am EDT

(Updates with reaction to Bernanke comments)

Stocks  |  Bonds

NEW YORK, July 15 (Reuters) - U.S. stocks slid as much as 2 percent on Tuesday after Federal Reserve Chairman Ben Bernanke said a weakening housing market, tighter credit and rising oil prices threaten the economy.

The Dow Jones industrial average .DJI dropped 215.11 points, or 1.95 percent, to 10,840.08, while the Standard & Poor's 500 Index .SPX slid 25.67 points, or 2.09 percent, to 1,202.63. The Nasdaq Composite Index .IXIC shed 41.88 points, or 1.89 percent, to 2,170.99. (Reporting by Ellis Mnyandu, Editing by Kenneth Barry)

Stocks
Bonds


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets