S&P 500 Has Worst Week Since 2012 (Bloomberg)
Today featured the worst one-day decline in U.S. stocks since June of last year, wrapping up a weekly plummet that was worse than any seen in 2013. “The volatility of the emerging markets and the currency impacts are affecting U.S. markets,” Eric Teal, chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina, said. “Following the strong gains of last year, I think it’s to be expected that you might have an overreaction here of selling.”
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