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Daily Market Wrap: July 17, 2013

Market News Video
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July 17, 2013 AT 3:23 PM
The markets were modestly higher following remarks by Federal Reserve Chairman Ben Bernanke who said the central bank's bond purchase program could be tapered off later this year. On the economic front, housing starts fell 9.9% in June to a seasonally adjusted 836,000 units, according to the Commerce Department.