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.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles