Market Wrap For Thursday, August 15: Stocks Plunge Amid Fears Of Fed Tapering
August 15, 2013 at 18:31 PM EDT
The major market averages recorded large losses on Thursday as expectations that the Federal Reserve will begin trimming its quantitative easing program as soon as the September FOMC meeting rose in the wake of positive economic data. In a bizarre twist - which is emblematic of the central bank's outsized