Financial Markets Slumped amid Worries about Fed's Exit

Financial tumbled after Bernanke’s comments raised speculations for Fed’s tapering of QE and disappointment in Chinese PMI data. The loss in US session was pared later in the day as initial jobless claims came in better than expected. Wall Street dropped with the DJIA and the S&P 500 indices losing -0.08% and -0.29% respectively.

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Financial Markets Slumped amid Worries about Fed's Exit