Market Wrap for Wednesday, June 5: Stocks Plunge as Uncertainty Rises
June 05, 2013 at 16:25 PM EDT
The U.S. stock market recorded its biggest loss in weeks on Tuesday after the Fed's Beige Book report showed that the economy is expanding only at a modest to moderate rate. A series of mediocre economic reports and slack growth in corporate revenue also weighed on sentiment. After the big