Daily Wrap: June 20, 2013

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June 20, 2013 AT 4:27 PM
All the major indices were in the red today following a statement from Federal Reserve Chairman Ben Bernanke yesterday in which he suggested that the central bank could begin tapering its asset purchases sometime this year. The number of Americans filing first time unemployment benefits rose 18,000 last week to a seasonally adjusted 354,000, according to the Labor Department.