Market Wrap for Friday, June 14: Stocks Retreat on Economic Reports and Profit Taking
June 14, 2013 at 16:27 PM EDT
The U.S. stock market fell on Friday as a preliminary report showed a slightly steeper than expected fall in consumer sentiment for June and other economic reports also missed consensus estimates. Although the news on the economic front was hardly a cause for panic, the market also succumbed to profit-taking,