Instagram Video Launched, Sony Recalls Software Update: Market Recap

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The Dow had its worst day of 2013 and the S&P 500 showed its biggest drop since 2011 as U.S. stocks fell across the board on the news that the Federal Reserve could start tapering stimulus by the end of the year. In a press conference yesterday, Fed Chairman Ben Bernanke said that if the economy continues to improve the central bank will stop purchasing bonds.

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Gold: -6.83% to $1,280.10 per ounce  Oil: -3.95% to $93.38  U.S. 10-Year: +4.67 to 2.42%