Jobs up, stocks slip in US, Bernanke confident of US banks withholding pressure
By Devina Gupta, Vinita Singla | Published On: March 22, 2012 22:00 (IST) | Duration: 24 min, 06 sec
US jobless claims fell to lowest level in 4 years signaling improving job market conditions. However, the job data failed to lift up markets. Dow Jones was down by 100 points in the opening trade, S&P slid on Eurozone and China fears. Federal Reserve Chairman Ben Bernanke is confident that US banks can withhold shocks from Eurozone, even if the debt crisis there worsens.