US equity markets closed lower for the fifth straight session. Federal Reserve chairman Ben Bernanke remained dovish that the economic recovery was moving slower than expected. He gave no indication that a third round of quantitative easing was on the cards.
The Dow Jones Industrial Average declined 19.15 points, to close at 12,070.81. Tech heavy NASDAQ Composite fell 1 point, to settle at 2,701.56 and S&P 500 Index ended at 1,284.94, down 1.23 points. The CBOE volatility index fell below 18. Ryan Detrick, Chief Strategist at SchaefferDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
