NEW YORK, May 22 (Reuters) – U.S. stocks fell in choppy
trading Wednesday, with the Dow briefly falling more than 1
percent, following remarks by Federal Reserve Chairman Ben
Bernanke which suggested the central bank was not ready to pull
back on its economic stimulus efforts but may act if the economy
continues to improve.
The Dow Jones industrial average was down 31.41
points, or 0.20 percent, at 15,356.17. The Standard & Poor’s 500
Index was down 9.47 points, or 0.57 percent, at 1,659.69.
The Nasdaq Composite Index was down 31.79 points, or
0.91 percent, at 3,470.33.
In a sign of divisions on the policy-setting Federal Open
Market Committee, minutes of the latest meeting released
Wednesday highlighted an active debate over how soon the Fed
should start to scale back its bond-buying stimulus.
