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Daily Market Wrap: June 20, 2012

Market News Video
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June 20, 2012 AT 9:13 PM
The markets were flat earlier today ahead of the Federal Reserve policy decision, and stocks bounced back and forth between gains and losses after the announcement from the Fed to extend its asset purchase program Operation Twist. Financials gained after the announcement, led by JP Morgan Chase (JPM) which said it has sold off most of the position which caused major losses for the bank.