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Daily Wrap: May 23, 2013

Market News Video
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May 23, 2013 AT 4:17 PM
The markets recovered some of their losses in the afternoon, despite continued uncertainty over the Federal Reserve's decision on when to pull back on monetary stimulus. Also affecting the markets today was Japan's Nikkei 225 stock index which fell sharply, down 7% which was the biggest single-day decline since the devastating tsunami of 2011.