(Bloomberg) -- U.S. stocks dropped after Federal
Reserve Chairman Ben S. Bernanke said the housing slump may
hinder the economy longer than previously expected.
A gauge of retailers declined the most among 24 industries
in the Standard & Poor's 500 Index after Bed Bath & Beyond, the
largest U.S. home-furnishings chain, said falling home sales
hurt its earnings. Exxon Mobil Corp. led energy producers to the
biggest drop among 10 groups after oil prices declined.
Read more at Bloomberg Stocks News
Reserve Chairman Ben S. Bernanke said the housing slump may
hinder the economy longer than previously expected.
A gauge of retailers declined the most among 24 industries
in the Standard & Poor's 500 Index after Bed Bath & Beyond, the
largest U.S. home-furnishings chain, said falling home sales
hurt its earnings. Exxon Mobil Corp. led energy producers to the
biggest drop among 10 groups after oil prices declined.
Read more at Bloomberg Stocks News
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