U.S. stocks finished mixed Wednesday after a disappointing read on the housing market and bearish comments from Federal Reserve Chairman Ben Bernanke on Europe.
A downbeat assessment on Europe by Federal Reserve Chairman Ben Bernanke in the morning reminded investors that the U.S. was still vulnerable to an external shock. He also cautioned today that higher energy prices could curb short-term growth in the country.
Before the Committee on Government Oversight and Reform of the U.S. House of Representatives, Bernanke said that that U.S. banks and money market funds could get hurt by a bad turn in Europe's debt crisis. He noted that although U.S. banks have limited exposure to peripheral European countries, their exposure to European banks and the larger, "core" countries of Europe are
"more material."
Dow Jones Industrial Average (^DJI)
-DJI
13,124.62 
45.57(0.35%)
Dow Jones Industrial Average (^DJI)
-DJI
| Prev Close: | 13,170.19 |
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| Open: | 13,170.79 |
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| Day's Range: | 13,112.93 - 13,190.02 |
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| 52wk Range: | 10,362.30 - 13,331.80 |
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