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Market News

European Markets

European Markets are called to open lower this morning.

Asian Markets

Asian Markets are trading lower in the current session.

US Markets

U.S. stocks fell Thursday after Ben Bernanke made a speech that failed to knock investors’ socks off.

The Federal Reserve chairman reiterated previous statements that the central bank stands ready to use certain “tools” to help stimulate the economy. But he offered no indication as to which of those tools the Fed is, or is not, prepared to use.

The Dow Jones industrial average fell 119 points, or 1%, to end at 11,296. The S&P 500 lost 13 points, or 1%, to 1,186. The Nasdaq Composite slid 20 points, or 0.8%, to 2,529.

Events this week

Friday: July wholesale inventory figures will be released at 10am E.T. Economists expect wholesale inventories rose 0.7% after rising 0.6% in June, according to Briefing.com

Before the opening bell, retailer Lululemon Athletica (LULU) will report earnings.