Wall Street’s Fed headache lingers as stocks slip, Treasuries gain

Published by
Reuters UK

By Lawrence Delevingne BOSTON (Reuters) -Wall Street’s headache over the potential of a relatively fast pullback from stimulus by the U.S. Federal Reserve lingered Thursday morning as stocks sold off again and government bond yields held their gains. The Dow Jones Industrial Average fell 168.21 points, or 0.46%, to 36,238.9, the S&P 500 lost 15.61 points, or 0.33%, to 4,684.97 and the Nasdaq Composite dropped 75.98 points, or 0.5%, to 15,024.20. Stocks fell sharply in Asia and Europe too, with Wall Street’s tech-heavy Nasdaq having plunged more than 3% the previous day. Two and five-year Treas…

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