Stocks fell more than 2 percent on Thursday, extending the previous day's sharp decline, as investors worried that the Fed plans to begin later this year to reduce irritation, if the economy is strong.
Standard & Poor's 500 index recorded since November 11, 2011, its biggest one-day drop this year, the heaviest day's trading. All 10 S & P sectors were sharply, with 94% of the shares on the New York Stock Exchange trading day, more than four-fifths of Nasdaq-listed shares ended lower.
The Dow Jones Industrial Average fell 353.87 points, or 2.34 percent, at 14,758.32 points. Standard & Poor's 500-stock index fell 40.74 points, or 2.50 percent, at 1,588.19 points. The Nasdaq composite index fell 78.57 points, or 2.28 percent, at 3,364.64 points.
Fed's bond-buying program has fueled the stock market gains this year, the index sends a series of record highs. There has been a trend investors, market bargain hunting and restricted stock decline.
Ameriprise Financial in Boston, chief market strategist David Joy said it was not clear pattern will continue.
"There is money out of the market for people who believe that the rally has been mainly attributed to the Federal Reserve, the 10-year bond yields rose is a problem because it happened so fast," he said. "It is too early to say whether this represents a buying opportunity, or if the weakness will continue."
S & P 500 index closed below the 50 day moving average, but its second time this year. Extend below this level, the key technical measures the recent trend of stocks that can be added to the selling pressure. It was the first time since May 2 close below 1,600.
Approximately 929 million shares changing hands, above the daily average of about 636 million shares so far this year in New York Stock Exchange, NASDAQ and NYSE MKT.
Bernanke said Wednesday the central bank's policy of buying bonds worth $ 8.5 billion a month to start this year if the economy is strong enough to stop, and may be completed by mid 2014.
"Remember, tapering would be on a vote of confidence in the market, it would be good news, joy, saying:" Who helps oversee $ 70.8 billion U.S. dollars in assets. "For now, the Fed is still very loose, the remaining thing depends on the data, these are signs that the decline of this magnitude could not be justified."
Also increased the market's concerns, China's interbank funding costs have risen sharply, the government ignores market pressure, the injection of funds into the market, although China's economy is slowing more evidence. Chinese stocks fell 2.8%.
Which last Thursday hit the U.S. industry is a building contractor, fell 6.7 percent, higher borrowing rates concerns. Thursday's data showed U.S. existing home sales rose in May rose to three and a half years since a new high.
Builder PulteGroup Inc. fell 9.1%, S & P 500 index declined the most, followed by DR Horton company, down 9% to $ 21.31 $ 18.87.
The benchmark 10-year U.S. Treasury note fell 15/32, its yield at 2.408 percent.
S & P fell 4 percent, from its time in the May 21 closing high of 1,669.16. Other markets around the world fell sharply, Morgan Stanley Capital International All Country World market index fell 3.7 percent, the biggest in 19 months one-day drop.
Every 10 S & P sectors fell more than 1 percent, led by consumer staples losses decreased by 3%. Kroger fell 6.1% to $ 32.98 after the company said its sales growth in the first quarter than expected.
Energy stocks also weakened sharply, with the decline of 2.9%, crude oil prices plummeted.
Walt Disney's shares fell 3.7 percent, Goldman from "conviction buy" list, delete the stock $ 61.98.
, EBIX Company's shares fell 44 percent, to 11 dollars a day after the insurance software provider, said Goldman Sachs affiliates will cancel the merger plan.
Oracle fell in after-hours trading after the company announced the addition of new software sales at the low end of its own forecast.
From the front, GameStop company rose 6.3 percent to $ 40.94 a day after Microsoft said its upcoming Xbox console users will be able to lend or sell the disc-based games, plus GameStop's gaming business.
Jabil Circuit Inc. rose 1.5 percent after the company announced a restructuring plan as part of an unspecified number of layoffs to $ 20.12 one day.
 
 



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