Wall Street slumps as Fed may taper stimulus later this year

NEW YORK, June 19 (Xinhua) -- U.S. stocks plunged on Wednesday, as Federal Reserve Chairman Ben Bernanke hinted a possible tapering of its quantitative easing later this year after a two- day policy meeting, though the central bank decided to sustain its pace of bond purchases.

The Dow nearly tumbled 1.4 percent, and the S&P 500 plummeted 1. 4 percent while the Nasdaq sank 1.1 percent.

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