Tue, 06 Aug 2013 15:45:07 GMT
U.S. equities drop after open on stimulus tapering concern
U.S. stocks declined after opening on Tuesday on worries about the Federal Reserve monetary stimulus tapering. Investors hope for signals in speech by FOMC later this day. Conern began when Dallas Fed chairman Richard Fisher said that QE tapering is very close now. The Standard & Poor's declined 0.57% to 1,697.36. The Dow Jones Industrial Average decreased 0.64% to 15,512.05.