Stocks give up their gains as Bernanke essentially repeats what we have known for months: The...

|By:, SA News Editor

Stocks give up their gains as Bernanke essentially repeats what we have known for months: The unemployment picture remains unsatisfactory and the Fed stands ready to act. The Chairman delivers no promise for more stimulus, but he's made it clear he has no intention of doing such outside of FOMC policy meetings. S&P 500 flat after being higher by about 0.8% pre-speech.