Stocks Trim Gains as Fed’s Bullard Says Taper ‘On the Table’

U.S. stocks trimmed gains as Federal Reserve Bank of St. Louis President James Bullard said a reduction in bond buying is “on the table” for the central bank’s next policy meeting.

The Standard & Poor’s 500 Index was up 0.2 percent at 1,790.53 at 10:42 a.m. in New York after earlier rallying as much as 0.4 percent after the European Central Bank was said to consider a negative deposit rate.

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