WASHINGTON, June 19- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
*Copper price touches lowest level since May 3. NEW YORK/ LONDON, June 19- Copper slid to six week lows on Wednesday after Federal Reserve chief Ben Bernanke outlined plans for reining in the U.S. central bank's massive bond-buying program, comments that boosted the dollar and knocked assets considered more risky.
*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
NEW YORK, June 19- Benchmark U.S. Treasury yields surged to their highest levels in 15 months on Wednesday as Federal Reserve Chairman Ben Bernanke suggested the U.S. central bank was prepared to reduce bond purchases if its economic outlook proves correct, even though the U.S. economy remained stuck at a sluggish pace.
*Fed says risks to growth, jobs have lessened since fall. WASHINGTON, June 19- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
NEW YORK, June 19- Oil prices came under pressure on Wednesday while gold and copper fell after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures for the U.S. economy later this year. Wheat had its biggest rally since April on bargain buying and expectations the grain will be used as a livestock feed.
*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
Federal Reserve Chairman Ben Bernanke said the Fed might reduce the amount of money it pumps into the economy later this year, while higher crude stocks in the United States also hurt prices.
NEW YORK, June 19- U.S. stocks fell sharply on Wednesday, with losses accelerating in afternoon trading after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures later this year. The Dow Jones industrial average was down 205.66 points, or 1.34 percent, at 15,112.57.
The Fed said it would maintain its current $85 billion a month in bond purchases, but Fed Chairman Ben Bernanke said the U.S. central bank expects to slow the pace of the purchases later this year. "
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."