Thursday, February 10, 2011

Wednesday's midday trade: market edges lower

US stocks slipped on Wednesday as a five-month rally that pushed the market to a new 2 1/2-year high started to shows signs of fatigue. Federal Reserve Chairman Ben Bernanke told a congressional committee that the labour market remains sluggish and he continues to believe that inflation will remain subdued. Wall Street's reaction to Bernanke's comments was muted.

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