U.S. stocks see worst monthly decline in over a year - Market Snapshot - MarketWatch

U.S. stocks see worst monthly decline in over a year - Market Snapshot - MarketWatch:

Stocks endured heavy selling in most of the sessions this week, as sharp drops in emerging-markets currencies prompted nervous investors to flee riskier assets including stocks and lock in profits from a spectacular year.



“We can blame the recent pullback on the emerging markets or capital flows, but at the end of the day, it was going to happen anyway because markets rallied a bit too much at the end of last year,” says Jim Russell, senior equity strategist for U.S. Bank Wealth Management.



“We would consider this as a buying opportunity. The jury is out on whether stocks will have a bigger correction, but for longer-term our outlook is positive,” he added.

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