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Market Wrap for Friday, August 9: Stocks Close Lower To End Week

The U.S. stock market came under more selling pressure on Friday , with all three major market averages finishing in the red. A number of losses over the last 5 days sent the S&P 500 out with a better than 1 percent decline on the week.Although the sell-off has thus far been gradual, trepidation appears to be rising on Wall Street over the Federal Reserve's timeline for tapering its quantitative easing program. Commentary from the central bank this week has re-introduced the possibility that the Fed will scale back its bond purchases as early as the September FOMC meeting.Investors, who have become accustomed to constant liquidity injections by the central bank to support the economic recovery, are unsure how the economy may fare in the absence of quantitative easing. Nevertheless, the losses were contained during the week's final trading session, with the largest decline being a 73 point pullback in the Dow.Major AveragesThe Dow Jones Industrial Average shed 73 points, or 0.47 percent...

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  1. Market Wrap for Wednesday, July 10: Stocks Whipsaw Around FOMC Minutes, But Finished Nearly Unchanged

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