Wall Street fell again as concerns the withdrawal of Fed stimulus

Wall Street fell again as concerns the withdrawal of Fed stimulus

Stocks on Wall Street fell on Tuesday (Wednesday morning GMT ) for the second day in a row , due to increased speculation that the U.S. Federal Reserve will soon pull back its bond purchase program .

The Dow Jones Industrial Average fell 94.15 points, or 0.59 percent, to close at 15914.62 .

The broad-based S & P 500 ended slumped 5.75 points, or 0.32 percent, to 1795.15 , while the tech -heavy Nasdaq composite index fell 8.06 points, or 0.20 percent, to close at 4037.20 .

The sell-off as investors appeared to focus on the prospect that the Fed's bond-buying program can cut $ 85 billion per month , earlier than previously believed , perhaps at its monetary policy meeting in two weeks .

Speculation has increased after strong economic data on Monday ( 2/12 ) , the scarcity of major economic news on Tuesday and ahead of major U.S. employment report on Friday ( 6/12 ) , many feel that if the Fed's actions could accelerate job growth strong .

The market fell because of " fear reduction more stimulus ' when the economic data increased , said Brent Schutte BMO Private Bank .

Dow component Pfizer , fell 1.9 percent after Goldman Sachs removes it from the list of " conviction buy " . Goldman said seeing the lack of rise to Pfizer in connection with the increase in its value , Barrons.com reports .

GM reported a 14 percent rise in November car sales , but its shares fell 2.5 percent . Rival car manufacturers , Ford , posted the best performance since November 2004 , but shares fell 2.9 percent .

Technology giant Apple jumped 2.7 percent after the Wall Street Journal reported that the company acquired social media analytics company Topsy Labs worth more than 200 million U.S. dollars . Separately , Jefferies notes cite anecdotal evidence that states Apple to have a Black Friday weekend " great " .

Electric car company Tesla Motors jumped 16.5 percent after it reported that the German government has suspended safety investigation . Separately , Morgan Stanley said that the U.S. beginner it is a " top pick " among the 26 names in the U.S. automotive sector .

Fast-food chain Yum Brands lost 2.7 percent after reporting a one percent increase in sales in China , but noted that the increase was driven in part by a one-time promotion at Kentucky Fried Chicken corporate network . The company promises " strong rise again " in 2014 " after this year clearly below our expectations are high . "

Bond prices rose . The yield on U.S. government 10 - year futures fell to 2.78 percent from 2.80 percent on Monday , while the 30 - year fell to 3.84 percent from 3.86 percent . Prices and bond yields move in opposite AFP .