- The Washington Times - Friday, March 20, 2009

NEW YORK (AP) - Stocks are fluctuating as investors set aside some of their inflation concerns and await a speech by Federal Reserve Chairman Ben Bernanke.

The Fed jolted the market this week by announcing plans to buy Treasury securities to revive lending and the economy. Stocks initially jumped on the move but fell Thursday on worries about inflation.

But stocks were also due for a pullback after the Dow Jones industrial average rose more than 14 percent over seven trading days.

Bernanke will be speaking on the financial crisis a bank convention in Phoenix. The speech is set for noon EDT.

In midday trading, the Dow is up 13 points at 7,414. The Standard & Poor’s 500 index is down 2 at 782, while the Nasdaq composite index is down 2 at 1,482.

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