BoJ Policy Sends US and Global Stocks Lower; Yen Rallies (LULU, DOLE)

US and global stocks retreated on Tuesday on central bank stimulus fears and the Bank of Japan's decision to make no changes regarding its monetary policy. The yen rallied the most it has in three years against the dollar after this news and the major US indices fell for a second day. Despite reporting higher net revenue and sales, Lululemon Athletica (LULU) tumbled nearly 17%. Dole Food Co. (DOLE) and Dollar General Corp. (DG) both jumped higher and were two of the market's best performers on Tuesday.
It was also reported by the National Federation of Independent Business that small business optimism hit a one year high in May.

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Published on Jun 11, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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