Rally fades after Fed chairman’s comments


Investors didn’t hear what they wanted from Ben Bernanke. An early rally faded after the Fed chairman signaled no immediate steps to stoke economic growth. A report that credit card use fell ­also took steam out of the market. Bank stocks lost ground after the Fed said it wants them to set aside a bigger cushion against unexpected losses.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of