Stocks closed lower today, one day after a strong rally thanks to comments from Fed Chairman Ben Bernanke. When asked earlier today about the potential for another round of asset purchases, Bernanke told ABC News that the Fed keeps all options available and needs to prepare for how the U.S. economy evolves.
U.S. consumer confidence dipped in March, but was in line with estimates. Meanwhile, inflation expectations rose to the highest in 10 months.
All the major indices finished the day negative with the Dow down 43 points, the Nasdaq down 2 points and the S&P 500 down 4 points. [Read more...]