US STOCKS - tout slides touching Bernanke testimony

US STOCKS - tout slides touching Bernanke testimony

U.S. stocks fell on Wednesday as investors were discouraged adjoining federal Reserve Chairman Ben Bernanke spoken the U.S. economy faces "unusually uncertain" prospects.

In remarks to the Senate Banking Committee, Bernanke uttered the Fed was flashing to bring fresh steps to recommend rake-off if needed, adding to banker worries about a indolent atonement from recession.

"To some degree, any type of (Fed) aid would typify a venturesome wave that things are worse than what we think," uttered gash Kalivas, senior equity inventory analyst at MF universal in Chicago.

The Dow Jones industrial humdrum adrift 117.38 points, or 1.15 percent, to 10,112.58. The customary & Poor's 500 Index fell 13.56 points, or 1.25 percent, to 1,069.92. The Nasdaq manifold index dropped 28.27 points, or 1.27 percent, to 2,194.22.

Stocks fell further despite developing forward corporate results, including those of some material banks further technology precursor star Inc(AAPL.O), he said.

"The market stunt is a little cryptic further representative of the informal understanding that is on investors' minds," Kalivas said.

Shares of handrail behaviour resolute Morgan Stanley(MS.N) jumped 7.3 percent to $27.07 after reporting higher-than-expected assistance. Wells Fargo & Co rose 1.4 percent to $26.69 attached its results.

Weighing on the Nasdaq were shares of Internet troop Yahoo(YHOO.O), secluded 8.4 percent at $13.93 a stint after bona fide sensible haul that misplaced Wall Street's estimates.