STTG Market Recap Feb 20, 2013

From Stock Trading To Go
February 20, 2013 - 7:07pm

Wednesday was a potentially quite important session for the market as a striking reversal hit, and for one of the few days in 2013 bears had the upper hand. Stocks began selling off in the opening minutes of the day and it only accelerated after the 2 PM release of the Federal Reserve's minutes. In those minutes even the faintest hints that some members wanted to remove some of the easing policies earlier than the market is anticipating caused some unrest among market participants. In the end the S&P 500 fell 1.24% and the NASDAQ 1.53%. Small caps got hit especially hard as the Russell 2000 was crunched to the tune of 1.99Original post: STTG Market Recap Feb 20, 2013


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