The Dow Industrials broke a 3-month winning streak, with a monthly loss of 0.63% in June. The 3-month winning streak was the longest for the Dow since Aug.-Oct. 2007. However, the other indices continued on to a four-month rally. » Read more

Markets are selling off in midmorning trading after being hit with disappointing economic data. The S&P/Case Shiller index indicated U.S. home prices continue to tumble in April....and retreating consumer confidence is also weighing on the markets. » Read more

Stocks drifting today on very light volume. Traders are fast-forwarding their attention to next week’s launch of earnings season. » Read more

Markets are beginning the week on a positive note amid very light volume ahead of the long holiday weekend. » Read more

Stocks briefly lost a little bit of steam as Fitch downgraded the state of California's long-term general obligation bond rating to "A-" from "A" and placed the bonds on Rating Watch negative "based on the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening." » Read more

Stocks have been quietly moving to the upside all morning...the general take is that despite vigorous questioning Mr. Bernanke is holding up well in his principal claim: that he did not threaten action against Bank of America CEO Ken Lewis or the bank's board if they abandoned the Merrill takeover, and more importantly insisted that his actions helped avert a global economic meltdown. » Read more

Ben Bernanke's 10 AM ET testimony dominates trader talk this morning, and as one trader observed, "Nothing good will come from this." » Read more

The Fed was slightly more positive on the economy, noting that "conditions in financial markets have generally improved in recent months" and that "the pace of economic contraction is slowing." » Read more