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NEW YORK – Stocks declined slightly Monday after President reserve Federal Ben Bernanke said that the economy was always struggling to become "standalone" without the assistance of the Government.

Bernanke in a registered with "60 minutes" interview Sunday, argues that Congress should not reduce expenditures or taxes data pulse remains the fragility of the economy. He also stated that it may take four or five years more unemployment, to 9.8% in the fall to a historically normal 5% or 6%.

That takes some juice from recent market rally.

The Dow Jones industrial average was 30.29, or 0.3%, 11,351.80. Index of standard & Poor 500 has dumped 3.68 or 0.3%, 1,221.03. The Nasdaq composite index fell 6.35 or 0.3%, 2,585.11.

Last week, the Dow Jones industrial average rose by 2.6%, its best weekly gain since hitting a 2010 high on 5 November. Dow Jones index is 8.9% for the year.

Bernanke's comments have little to allay the fears of investors on the economy, which motivated traders to sell stocks.

"It is going to be discomfort continued recovery,", said Oliver Pursche, President of Gary Goldberg Financial Services, an investment firm.

The Treasury Board prices rose. Note 10-year Treasury Board, which moves opposite its price, yield fell to 2.96% of 3.00% Friday. Evolution yields affect the interest rates on a variety of businesses and consumers, including mortgage loans.

In emerging companies in U.S., Barnes & Noble Inc. shares increased by $2.48 18.7% to $15.76 after activist investor William Ackman and the other shareholders of borders group said they were ready to finance a $16 per share take-over for Barnes noble. Shares borders has increased from 19 cents, or 17.6%, to $1.27.

Sprint Nextel Corp. has increased by 5.2%, or 20 cents to $4.13 after the company said it would gradually begin part Nextel network by 2013. This decision follows nearly constant subscriber losses since sprint bought Nextel in 2005.

Shares of Kellogg Co. roses 2 cents to $49.52 after cereals manufacturer said CEO David MacKay will retire on 1 January and be replaced by the Chief Executive Officer John a. Bryant.

No new economic data are set to be released Monday for investors will probably targeted on low employment numbers on Friday, said Pursche.

The Ministry of labour has indicated that the unemployment rate climbed to a maximum of seven months of 9.8% in November. Employers added only 39,000 jobs below of what economists forecast.

Jobs are key to a recovery and economists worry that high unemployment can curb spending, a key driver of economic growth of the consumer.

Investors will get additional ideas on consumption Tuesday, when the Government publishes data on consumption of borrowing. A preliminary report on consumer sentiment of Thomson Reuters/University of Michigan is expected Friday.

Traders will also focus on the European debt crisis. The 16-nation eurozone finance ministers met Monday to discuss ways to stabilize their monetary union and avoid go them higher.

FTSE 100 Great Britain increased by 0.5%, while DAX rose Germany 0.1%. CAC40 the France remained unchanged.

Asian Index closed mostly lower. Nikkei 225 of the Japan lost 0.1%, but reference China index composed of Shanghai gained 0.5%.

The dollar increased from 0.6 per cent against an index of six other heavily traded currencies.

? 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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