Wall Street closes sharply lower

Bipartisan budget proposal boosts fears of imminent Fed taper.

United States stocks closed sharply lower after congressional politicians announced a bipartisan budget deal that could avert another US government shutdown.

Analysts also attributed the fall to profit-taking after the equity market surge of 2013.

At the closing bell, the Dow Jones Industrial Average slipped 129.6 points, or 0.81%, to 15,843.53.

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