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06/18/13 04:33:43 PM
MARKET SNAPSHOT

S&P Market Commentary

... Stocks rising with all 10 S&P 500 sectors trading higher as Fed kicks off 2-day policy meeting. Wall Street is seeking clues about what Fed plans to do with its stimulus plans. Also, several reports circulating suggest Bernanke will be out as Fed chief, but don't know when. NYSE breadth 20-9 positive, NASDAQ breadth 16-7 positive. Trading moderate following reports May Housing Starts rose 6.8% to 914,000 annualized units, the May CPI rose 0.1% after slipping 0.4 in April, and the core CPI rose 0.2%. Treasuries mixed. Dollar lower. Gold off. Oil higher.



 

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