Xinhua News AgencyDecember 5, 2013 13:01
Wall Street slips as strong data spur Fed taper concerns
NEW YORK, Dec. 5 (Xinhua) -- U.S. stocks continued to see a selloff Thursday, as upbeat economic data coming out of the country sparked fears that the U.S. Federal Reserve may begin to taper its monetary stimulus sooner than expected.
In midday trading, the Dow Jones Industrial Average dropped 34. 41 points, or 0.22 percent, to 15,855.36. The S