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5/22/2013 4:15 PM ET
[BRIEFING.COM][BRIEFING.COM] The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness. Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman...[more]
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- 5:41 AM The preliminary Markit composite PMI for the eurozone prints at 47.7 in May which, albeit still squarely in contraction territory, is still a three-month high. Both services and manufacturing "saw an easing in the rate of decline" and employment dropped for the seventeenth straight month. Ultimately, "the eurozone's second recession in five years looks set to drag into a seventh successive quarter," Markit's chief economist Chris Williamson says.
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