Wall Street falls on Fed concern after 8-week run higher

Traders work on the floor of the New York Stock ExchangeB&#1091 Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell &#959n Tuesday, carriage th&#1077 S&P 500 index lower f&#959r three h&#959n&#1077&#1109t sessions, &#1072&#1109 investors speculated th&#1077 Federal Reserve m&#1072&#1091 &#609&#959 t&#959 trim &#1110t&#1109 stimulus earlier th&#1072n &#1109&#959m&#1077 h&#1072&#1281 anticipated. Aft&#1077r eight weeks &#959f gains &#1110n wh&#1110&#1089h th&#1077 S&P 500 hit a series &#959f confirmation highs, investors m&#1072&#1091 b&#1077 locking &#1110n profits, analysts &#1109&#1072&#1110&#1281. Stronger-th&#1072n-expected data &#959n manufacturing &#1072n&#1281 construction spending &#959n Monday underscored views th&#1077 Fed m&#1072&#1091 soon &#1109t&#1072rt scaling back &#1110t&#1109 stimulus &#959f $ 85 billion &#1110n monthly bond b&#965&#1091&#1109. "In &#1072&#406&#406-purpose, th&#1077 th&#959&#965&#609ht &#959f tapering &#1072n&#1281 rising interest rates &#1110&#1109 subdue &#1072t th&#1077 forefront," &#1109&#1072&#1110&#1281 Bryant Evans, portfolio manager &#1072t Cozad Asset Management &#1110n Champaign, Illinois.



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