By: JeeYeon Park | CNBC.com Writer
Stocks dropped sharply for a second session Wednesday, with the S&P
500 and Nasdaq seeing their biggest losses in nearly five weeks, as the
provisional budget deal in Washington raised speculation that the
Federal Reserve could pull back on its stimulus program soon
The Dow Jones Industrial Average slumped 129.60 points, or 0.81 percent, to finish at 15,843.53. Nike and UnitedHealth led the blue-chip laggards, while Visa climbed.
The S&P 500 dropped 20.40 points, or 1.13 percent, to close at 1,782.22. The tech-heavy Nasdaq fell 56.68 points, or 1.40 percent, to end at 4,003.81.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 15.
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