Stocks in the U.S. fell for the second straight day Wednesday, as investors reacted to a budget deal on Capitol Hill, fueling speculation that an end to the Fed’s bond-buying stimulus program may be near.
The S&P500 had its biggest back-to-back drop in two months, falling 1.1 percent to close at 1,782.05 after falling 0.3 percent Tuesday, Bloomberg reports. The Dow Jones average dropped 129.60 points, or 0.81 percent, to close at 15843.53.
The fall comes after lawmakers in Washington reached a compromise to pass a budget, reversing some spending comes and signaling a possible end to the recent brinksmanship on the Hill.