U.S. stocks fell for a second day on Wednesday as investors contemplated a world without monetary stimulus and a poorly received bond auction in Spain suggested the effects of Europe’s funding operations were waning.
The Dow Jones industrial average fell 124.80 points, or 0.95 percent, at 13,074.75. The Standard & Poor’s 500 Index lost 14.42 points, or 1.02 percent, at 1,398.96. The Nasdaq Composite Index dropped 45.48 points, or 1.46 percent, at 3,068.09.
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