Friday, April 04, 2008

Stocks drift on recession talk




Apr. 2 - U.S. stocks posted modest losses on Wednesday after the head of the Federal Reserve said an economic recession was still possible. The Dow lost 48 points to 12,605. The S&P 500 dipped 2 points to 1,367. The Nasdaq slipped a point to 2,361.

Speaker: Ben Bernanke, chairman, U.S. Federal Reserve

Conway Gittens reports from New York.