STOCKS TUMBLE AS YEN SURGES: Here's What You Need To Know, June 14, 2013

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Friday, June 14, 2013 Advertisement Investors took a little break from risk today, headed into the weekend. First, the scoreboard: Dow Jones: 15,069.64, -106.44, (-0.70%) S&P 500: 1,626.67, -9.69, (-0.59%) Nasdaq: 3,423.56, -21.81, (-0.63%) And now, the top stories: This morning, we got weaker-than-expected economic data reports on May industrial production and June consumer confidence out of the United States. Minutes after the consumer confidence release at 9:55 AM, U.S. stocks peaked for the day. The S&P 500 traded lower throughout the morning and part of the afternoon before bottoming out and bouncing around 2 PM. Stocks were pressured by the yen, which strengthened significantly against the dollar today – at one point pushing the dollar-yen exchange rate below ¥94.00. The dollar-yen exchange rate is closely watched by investors because of its tight correlation with the S&P 500. In the week ended June 12, bond funds saw $14.5 billion in outflows, global equity funds saw $9 billion in redemptions, and emerging market debt and equity funds combined recorded a total of $9 billion in outflows. Commodity funds saw $0.4 billion in redemptions, marking 18 straight weeks of outflows – the longest on record. DON'T MISS: 25 Reasons Detroit Is On The Verge Of An Epic Comeback Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Markets RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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