Stocks gave up all of their early gains today once Ben Bernanke started speaking before Congress. The Dow lost hold of 13,000 and is now down nearly 60 points at $12,947. The Nasdaq briefly hit 3,000 before falling 15 points to 2,972 and the S&P 500 is down 7 points. Bernanke acknowledged gains in the labor market, but told a congressional panel “the job market is far from normal.” There were no signs that the Fed was ready for another round of QE. At a meeting late last month, the Fed said interest rates would remain extremely low through late 2014.

Penny Stocks to Watch

The always volatile penny stocks are living up to their name today as once high flying cheap stocks come crashing back to earth today. [Read more...]