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U.S. Stocks Fall as Plosser Calls for QE Tapering

July 12 (Bloomberg) -- U.S. stocks retreated, halting a six-day rally, as Federal Reserve Bank of Philadelphia President Charles Plosser called for tapering bond purchases and Boeing Co. sank after a fire on a 787 Dreamliner.

The Standard & Poor’s 500 Index lost 0.1 percent to 1,672.85 at 12:31 p.m. in New York. The Dow Jones Industrial Average slid 39.55 points, or 0.3 percent, to 15,421.37 as Boeing plunged 5.3 percent.

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To contact the editor responsible for this story: Michael P. Regan at

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