Stocks Move Lower After Bernanke Warns About Unemployment With Sears (SHLD) And Deere (DE) On The Move

Coming down the home stretch... Stocks tracked lower in afternoon trading after Federal Reserve chairman Ben Bernanke reiterated at an event that though the economy should grow 3% to 4% in 2011, that will not be enough to bring down unemployment as quickly as policymakers hope. Heading into the final hour, all three indices are down less than half a percent. Bernanke did reiterate that the economy is headed in the right direction, but his caution regarding unemployment could lead to steeper losses on the market in the final hour. AGCO (AG) is down 6%. Alcoa (AA) and Sears (SHLD) are down 3%. Arch Coal (ACI) and Deere (DE) are up 3%. SAP AG (SAP) is up 6%. The Put/Call Volume Ratio is at 0.65 while the Put/Call Open Interest Ratio is at 0.91. [InvestorsKeyhole, various news and data sources]