Monday, 16 December 2013

U.S.MARKET UPDATE

U.S. stocks ended Friday's session little changed after a three-day drop, but logged their worst week in nearly four months on concern that the Federal Reserve could signal the start of a reduction in its stimulus program at its policy-setting meeting next week.


Investors in U.S.-based funds pulled $6.51 billion out of stock mutual funds in the week ended Wednesday, representing the biggest weekly outflow this year, data from Thomson Reuters' Lipper service showed on Thursday

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