Stocks Fall Before Greenspan Speaks

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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.”

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Stocks Fall Before Greenspan Speaks
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