U.S. Stocks Erase Gains on Bernanke Comments

Townhall Staff | Jun 07, 2011

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U.S. stocks erased gains as Federal Reserve Chairman Ben S. Bernanke said the economic recovery has been “uneven” and “frustratingly slow,” while giving no indication the central bank plans a new round of stimulus.

The Standard & Poor’s 500 Index was little changed at 1,285.85 at 3:57 p.m. in New York after rallying as much as 0.8 percent earlier.