Bank of America Corp. fell$. 34 or 2.6 percent, to $12.97. Citigroup Inc. fell $1.55 or 3.0 percent, to $49.45. US Bank fell$. 37 or 1.0 percent, to $35.00.
LONDON, May 23- Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven months. China is the world's biggest consumer of industrial metals, taking 40 percent of the global supply of refined copper.
*Coming Up; U.S. jobless claims 1230 GMT. LONDON, May 23- Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed China's manufacturing sector contracted, but a shutdown at one of the world's biggest mines in Indonesia helped cap losses.
Bank of America Corp. fell$. 13 or 1.0 percent, to $13.31. Citigroup Inc. fell$. 66 or 1.3 percent, to $51.00. Goldman Sachs fell $1.39 or. 9 percent, to $159.34.
NEW YORK, May 22- U.S. stocks fell on Wednesday with a selloff accelerating in late afternoon trade, after minutes from the latest U.S. The minutes followed comments from Chairman Ben Bernanke who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.
Bank of America Corp. rose$. 19 or 1.4 percent, to $13.63. Citigroup Inc. rose $1.03 or 2.0 percent, to $52.69. Goldman Sachs rose $2.71 or 1.7 percent, to $163.44.
NEW YORK, May 22- The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.
*Saks rallies on report it could sell itself. NEW YORK, May 22- U.S. stocks rose on Wednesday, giving up some gains after an initial rally, after Federal Reserve Chairman Ben Bernanke said the central bank needed to see further signs of traction in the economy before it tapered its economic stimulus efforts.
Bank of America Corp. rose$. 15 or 1.1 percent, to $13.59. Citigroup Inc. rose$. 58 or 1.1 percent, to $52.24. Goldman Sachs rose $1.67 or 1.0 percent, to $162.40.
NEW YORK-- Shares of Saks Inc., which operates Saks Fifth Avenue, soared to their highest point since 2008 on Wednesday, extending a rally from Tuesday on a news report that the luxury retailer is considering seeking a sale of the company.
*Saks rallies on report it could sell itself. NEW YORK, May 22- U.S. stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
*Saks rallies on report it could sell itself. NEW YORK, May 22- U.S. stocks were set to rise at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
NEW YORK, May 22- Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank could soon reduce its massive bond buying program.
U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.