NEW YORK - U.S. stocks opened lower Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke about the economy and analyzed a weaker-than-expected rise in orders for large manufactured goods.
Stocks had rallied last week after interpreting language from the Fed as opening the way to the possibility of a reduction in interest rates. Bernanke's testimony before a joint Congressional committee on the country's economic outlook comes a day after renewed concerns about the housing market helped send stocks lower.
The Dow Jones industrials had their biggest pullback in two weeks Tuesday after a report showing a drop in prices of …
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