The Canadian PressJune 21, 2013 22:31
Stocks recover on Wall Street after a 2-day plunge
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."