Stocks stumble late as Fed taper sinks in, Dow closes below 15K

|By:, SA News Editor

Market recap: Stocks slid, clawed back to breakeven, then sold aggressively into the close as the Fed's most recent policy meeting failed to derail expectations for an early pullback in stimulus (I, II, III).

The Dow closed below 15,000 for the first time since July 3; the S&P ended negative, dragged by utilities and financials; techs held up relatively well.

Yields on the benchmark 10-year Treasury hit a fresh session high of 2.884% following the minutes before closing at 2.86%.

The dollar rose against most major currencies; already-battered emerging market currencies weakened further.

"Bottom line: Wall Street traders are angry and confused by today's release."