NEW YORK – U.S. stocks sold off on Wednesday, extending losses after the Fed announced it will reduce monthly bond purchases by another $10 billion. Investors shunned equities as rate hikes by the central banks of Turkey and South Africa failed to stem the drop in their currencies. Mixed earnings from Boeing and Yahoo! Inc added to gloom. The Dow Jones Industrial Average closed 189.77 points, or 1.2%, lower at 15,738.79, its fifth triple-digit loss this month. The S&P 500 finished the day down 18.30 points, or 1% at 1,774.20 and is 4% lower year-to-date. The Nasdaq Composite closed lost 46.53 points, or 1.1%, to close at 4,051.43.
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