Dow Down 20 as Fed Hints at Rate Hikes

Ben Bernanke lays out long-term strategy

By Nick McMaster

Posted Feb 10, 2010 3:16 PM CST

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Dow Down 20 as Fed Hints at Rate Hikes — John Giusio, right, a Ray Crest Partners trader, and Glenn Carrell, a Barclays trader, confer during on the floor of the New York Stock Exchange, Friday Feb. 5, 2010. (AP Photos/Bebeto Matthews)

Financial stocks sensitive to Interest rates took a small hit today as Ben Bernanke tentatively laid out how the Fed would eventually raise interest rates—but much of the market stayed steady as a blizzard consumed New York, the Wall Street Journal reports.

The Dow fell 20 points to close at 10,038.
The Nasdaq lost 3 points, closing at 2,148.
The S&P 500 dropped 2 points, settling at 1,068.

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