Bank stocks held their own Wednesday, bucking ominous words from Federal Reserve Board Chairman Alan Greenspan and earnings shortfalls in the technology sector that drove blue-chip shares more than 100 points lower.

The Fed may act to raise interest rates if the economy does not continue its slowdown, Mr. Greenspan reiterated in his second day of testimony before Congress.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.