Thu, 08 Aug 2013 10:06:06 GMT
U.S. shares drop on bets Fed will taper stimulus
U.S. shares decreased, with the Standard & Poor's 500 Index falling for the first time for three days in a row since June 12 on bets the Federal Reserve will taper stimulus this year as soon as the economy expands. The S&P 500 dropped 0.4% to 1,690.91 and the Dow Jones Industrial Average fell 0.3% to 15,470.67.