[thomfly]

2006-02-13 16:20 ET Dow -26.73 Dow Close 10892.32 Nasdaq -22.07 Nasdaq Close 2239.81 S&P -4.13 S&P Close 1262.86 NYAdv 1211 NYDec 2061 NQAdv 1031 NQDec 1992

[BRIEFING.COM] This afternoon, the market broke out of the morning's tight trading range and steadily declined. Just before the bell, the blue chip averages recovered from their lows, but the market essentially remained in a holding pattern ahead of Fed Chairman Ben Bernanke's impending testimony before Congress on Wednesday. Uncertainty over Fed policy continues to hang over the market, and participants are anxious to gain some insight on the new Chief's view of inflation trends and the implications for Fed policy.