Bernanke "encouraged" by banks

(01:30) Report

May 15 - U.S. stocks traded in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset concerns about the economy.

Higher oil prices were seen as a negative for the market. Investor sentiment, however, was aided by a flurry of merger and acquisition news involving CBS, Yahoo, and General Electric. Conway Gittens reports from New York.

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