Wall St slips on Fed taper fears

US stocks pull back from earlier record highs amid speculation on what US growth data will mean for Fed direction.

United States stocks declined, with blue chips erasing early gains to fresh record highs, as investors grappled with concerns over what stronger-than-expected US growth might mean for Federal Reserve policy.

The Dow Jones Industrial Average slipped 20 points, or 0.1%, to 15,727 points. Earlier, the blue-chip barometer reached an all-time intraday high of 15,797.68 before pulling back.

The S&P 500 index lost seven points, or 0.4%, to 1,764 points.

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