Wall Street falls on Fed worries

US stocks suffer worst losses in eight weeks as upbeat data spooks bond investors fearful of Fed stimulus pullback.

United States stocks closed robustly lower, suffering their worst losses in eight weeks, on expectations the latest round of economic reports may allow the US Federal Reserve to pull back on bond purchases soon.

The Dow Jones industrial average closed down 225.47 points, or 1.47%, to 15,112.19 points.

The S&P 500 index lost 24.07 points, or 1.43%, to close at 1,661.32 points.

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