Fed Comments Damp Equity Spirits By Marco Hague About this article: Equity Futures: Dow +47.00. S&P +2.80. NASDAQ +2.50. Japan Nikkei -13.00. German DAX -30.00. U.S. Trade: U.S. shares finished slightly above the breakeven line, after the major U.S. indexes recorded their strongest decline of the prior five months the previous week. The market traded in a rather volatile fashion, but without a clear direction in Monday trade, as investor sentiment swung between the better-than-expected macroeconomic reports and the bearish comments from Fed officials. Shortly after the ISM manufacturing and pending home sales reports, the market advanced as much as 1%, with S&P futures spiking in the 1050 area. Soon afterwards, however, the major U.S. indexes began retracing, with financials leading the selling after Fed official Jon Greenlee, associate director of the central bank's division of banking supervision and regulation, said that many banks would suffer further losses from commercial and residential loans market and that financial institutions must... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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