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Stocks bounce back after falling into correction

• CNN Money

America's stock market is having a rough week.

Before bouncing back from the lows Thursday afternoon, the S&P 500 briefly fell into correction, dropping 10% below its most recent intraday high set on May 20.

The markets have had a bad week on a slew of confusing and negative news. The S&P 500 has suffered losses every day this week while the Dow has lost 600 points since last Thursday. The Nasdaq, which also rallied after going into correction territory, has erased all its gains for the year.

Several members of the Federal Reserve's committee spoke publicly earlier this week to clarify why the central bank didn't raise its key interest rate last week. But their comments only confused investors more.

Investors could get more clarity when Fed Chair Janet Yellen speaks Thursday evening in Amherst, Mass.


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