INQUIRER.net: Stocks recover on Wall Street after a 2-day plunge

INQUIRER.net Philippine News for Filipinos

Stocks recover on Wall Street after a 2-day plunge Jun 22nd 2013, 01:22 Traders decided that the stock market has suffered enough, at least for now.   After a two-day plunge, stocks ended the week with an advance on Friday, suggesting that Wall Street may be successfully weaned from the Federal Reserve's easy money after all.   "Saner heads are prevailing," said Jim Dunigan, chief investment officer at PNC Wealth Management. "People are looking a little deeper into the message from the Fed — the economy is getting better," he said. "At the end of the day that's a positive."   The Fed's move also pushed up the yield on the 10-year Treasury note to the highest level in almost two years as investors bet that U.S. interest ... Keep on reading: Stocks recover on Wall Street after a 2-day plunge Media files: New-York-Stock-Exchange.jpg (image/jpeg)

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