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Dow 11,093.53 -154.34 (-1.37%)
Nasdaq 2,178.48 -40.93 (-1.84%)
S&P 500 1,271.04 -17.18 (-1.33%)
10-Yr Bond 5.014 +0.20 (+0.40%)
NYSE Volume 1,643,144,000
Nasdaq Volume 1,303,898,000
3:00 pm : Stocks begin to stabilize somewhat, after probing last week's lows, but remain weak across the board. Of all 10 sectors trading lower, Energy and Materials are pacing the way with declines of more than 2.0% while the influential Technology, Health Care and Industrials sectors are posting losses of at least 1.0%. It is worth noting though that below average volume lends less conviction behind today's broad-based drubbing. To wit, volume on both the NYSE and Nasdaq didn't surpass 1.0 bln shares until investors began sifting through Bernanke's commentary at 2:15 ET.DJ30 -134.71 NASDAQ -34.80 SP500 -14.51 NASDAQ Dec/Adv/Vol 2313/689/1.30 bln NYSE Dec/Adv/Vol 2373/851/1.14 bln
2:30 pm : The bottom continues to fall out of the market as Bernanke's prepared but hawkish speech exacerbates investors' concerns about Fed policy. The three major averages are posting losses of at least 1.1% after Bernanke said consumer spending has "decelerated noticeably" in recent months and that core inflation has reached a level that, if sustained, would be "at or above the upper end of the range" that many economists and himself would consider consistent with price stability. Due to such "unwelcome developments," the Fed must anchor long-term inflation expectations. Bonds have also lost ground as the yield on the 10-yr note is up to 5.12%.DJ30 -135.91 NASDAQ -35.08 SP500 -14.35 NASDAQ Dec/Adv/Vol 2249/754/1.16 bln NYSE Dec/Adv/Vol 2233/976/1.00 bln
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