Quantcast

Stocks Fall Before Greenspan Speaks

Get the WebProNews Newsletter:


[ Business]

Stocks went down with investors getting ready for Fed Chairman Alan Greenspan’s congressional testimony.

The federal budget deficit, the future of Social Security and the outlook for short-term interest rates are among the topics expected to be discussed by Greenspan.

According to a CNN Money article,

“The Dow Jones industrial average, the broader Standard & Poor’s 500 index and the Nasdaq composite all declined modestly around 10 minutes into the new session.

Fed chairman Greenspan will give his semi-annual testimony on the economy and monetary policy before a Senate panel Wednesday and a House panel Thursday. His testimony Wednesday was due to start around 10:00 a.m. ET.”

WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.

Stocks Fall Before Greenspan Speaks
Comments Off
Top Rated White Papers and Resources

Comments are closed.

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom