Japan market plunge sparks global sell-off; U.S. stocks dip, rebound


L.A. Times
Andrew Tangel
May 23, 2013

[...] Wall Street saw volatile trading on Wednesday following congressional testimony by Federal Reserve Chairman Ben S. Bernanke and the release of minutes from the central bank’s recent meeting.

Both raised questions about how soon the Fed might begin slowing its stimulus programs, which have fueled this year’s stock rally. Even with Thursday’s sharp sell-off, the Dow is still up 16% for the year.

The Japanese stock plunge overshadowed upbeat U.S. economic data showing moderate job growth.

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