U.S. stocks have taken a sharp turn lower today as the Japanese yen strengthens against the U.S. dollar.
The S&P 500 is down about 1.6%, the Dow Jones Industrial Average is off about 1.2%, and the Nasdaq is down 2.7%. In Europe, most equity indices closed lower as well. Spain's IBEX 35 was the worst performer there, down 1.4%.
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