Culture

Greenspan Chills Markets

The markets went cold after Fed chairman Allen Greenspan told a House committee that bad economic news inevitably lurks behind the current rosy glow and that a continuation of recent market gains is "clearly unrealistic." The Dow was down 115 to 8,063; the Nasdaq was up 1 at 1,739.

The markets went cold after Fed chairman Allen Greenspan told a House committee that bad economic news inevitably lurks behind the current rosy glow and that a continuation of recent market gains is "clearly unrealistic." The Dow was down 115 to 8,063; the Nasdaq was up 1 at 1,739.