Wall Street drifting lower

HONG KONG [CHECK THE MARKETS: Get the latest numbers from Wall Street]
[FINANCIAL CRISES: From the Depression until today]
[JOBLESS RATE: See how Texas compares to other states]
[SURVIVAL GUIDE: Weathering the financial crisis]

Bernanke's comments come as the central bank announces it will begin lending up to $200 billion initially to spur consumer and small business borrowing for autos, education, credit cards and other expenses. The Fed announced the plan late last year.

An early rebound in stocks gave way to more selling as investors found little in Bernanke's remarks to make them optimistic about the economy. On Monday, the Dow Jones industrials fell below 7,000 for the first time since May 1997.

The Dow is down 31 at 6,730. The Standard & Poor's 500 index is down 5 at 695, falling below the 700 mark.

The Nasdaq composite index is down 5 at 1,318.

      Quick headlines | 100 most recent national stories | News alerts
              Slideshow archive | ABC13 wireless | Help solve crimes
Copyright © 2024 KTRK-TV. All Rights Reserved.