*JPMorgan's private equity unit to become independent; stock off 1.6 pct. NEW YORK, June 14- U.S. stocks fell on Friday as investors sold some shares to book profits a day after the S&P 500 recorded its second-best session of the year and disappointing data showed a decline in consumer sentiment.
Wall Street banks are paying Thomson Reuters to receive important data earlier and faster than the rest of the market. The early-released numbers include the results of the University of Michigan Consumer Confidence Index, CNBC’s Eamon Javers reports. As the information is released to high frequency traders at 9:54:58, watch as the S&P 500 SPDR drops at that very moment.
Jeff Carter, Pointsandfigures.com, says the market seems to be rallying for all the wrong reasons. Also, S&P revised the U.S. credit rating to "stable," but Carter says they're using an accounting template to make their analysis, instead of an economic template. And the ongoing pension problems in Illinois.
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
Tuesday, 18 Jun 2013 | 6:00 PM ETHow to approach the Fed's monetary decision, with Mad Money host Jim Cramer.
Tuesday, 18 Jun 2013 | 12:01 PM ETThe Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.