After The Bell Report: U.S. stocks fall sharply as Bernanke, data weigh on bonds

4:30 pm ET Jun 5, 2007

DJIA

13,595

-80.86

S&P

1,530

-8.23

NASDAQ

2,611

-7.06

10Yr

4.98%

+0.047

U.S. stocks fall sharply as Bernanke, data weigh on bonds

NEW YORK
U.S. stocks finished sharply lower Tuesday, after upbeat comments on the
economy from Federal Reserve Chairman Ben Bernanke and
better-than-expected service-sector data reduced hopes that the Fed
would cut interest rates and lifted bond yields to challenging levels.

The Technical Indicator: Volatility Index casts surprisingly bullish
outlook for stocks

CINCINNATI
With recent gains, each major U.S. benchmark has touched multiyear
highs.