Updated from 9:43 a.m. EDT
The major New York indices were down in the dumps Tuesday morning as traders fussed over discouraging quarterly results from the regional banks, so-so economic data and Federal Reserve Chairman Ben Bernanke's Senate appearance.
The Dow Jones Industrial Average was recently off 162 points to 10,893, and the S&P 500 was down 20 points at 1208. The Nasdaq gave up 28 points at 2185.
Bernanke testified before the Senate Banking committee about the Fed's decision to grant ailing mortgage packagers Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote) access to its discount window to raise capital. He also said that as weakness in the dollar contributes to rising oil prices, inflation remains a risk to the U.S. economic outlook. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
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