US stocks lower on Fed caution(update)


NEW YORK: Stocks spent most of Monday in a funk brought on by cautious comments about the economy from Federal Reserve Chairman Ben Bernanke. Hopes for a compromise on extending Bush-era tax cuts and unemployment benefits erased some of the losses.

The Dow Jones industrial average ended down 20 points, breaking a three-day winning streak. Stock indexes traded in a tight range all day and volume was light.

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