Stock indexes closed lower Tuesday, giving up earlier gains, after Federal Reserve Chairman Ben Bernanke said the economic recovery remains uneven. Bernanke offered no new steps to stimulate growth. The Dow Jones industrial average had been up as many as 89 points but turned lower in the late afternoon as Bernanke's speech started. The Dow's loss of 19 was the fifth straight decline for the index, the longest string of losses since August.
The Dow Jones industrial average lost 19.15 points, or 0.2 percent, to close at 12,070.81.
The Standard and Poor's 500 dipped 1.23 point, or 0.1 percent, to 1,284.94.
The Nasdaq composite shed 1 point, or less than 0.1 percent, to 2,701.56.
For the week:
The Dow is down 80.45, or 0.7 percent.
The S&P is down 15.22, or 1.2 percent.
The Nasdaq is down 31.22, or 1.1 percent.
For the year to date:
The Dow is up 493.30, or 4.3 percent.
The S&P is up 27.30, or 2.2 percent.
The Nasdaq is up 48.69, or 1.8 percent.