Stocks were lower on Monday afternoon, with investors cautious ahead of Bernanke's speech later in the week.
In corporate news, Tiffany & Co (NYSE:TIF) cut slashed its fiscal-year earnings and revenue guidance for the second quarter, though the company said it expects to see a profit in the holiday season.
Best Buy (NYSE:BBY) shares were higher after the company reached an agreement with founder Richard Schulze, allowing him to form an investment group with private equity sponsors.
AOL (NYSE:AOL) was higher following the annoucement of a one-time dividend of $5.15, and a $600 million stock buyback.
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