Just because the market looks like it's going to open higher doesn't mean that those gains will last. This morning was a classic example, as stocks roared to a good-sized gain at the open only to give up all those gains and then some. Most analysts attributed the reversal to testimony of Federal Reserve Chairman Ben Bernanke before the Senate Banking Committee, which included concerns about stubbornly high unemployment and the need for the federal government to address its huge budget deficit. But Bernanke's testimony notably lacked new ideas on how the Fed might ease its monetary policy. By just after 10:45 a.m. EDT, the Dow Jones Industrials
In earnings news among Dow stocks, Coca-Cola
Johnson & Johnson
Keep those reports coming
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Johnson & Johnson, Disney, and Coca-Cola. Motley Fool newsletter services have recommended buying shares of Coca-Cola, Procter & Gamble, Disney, and Johnson & Johnson, as well as creating a diagonal call position in Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.