US STOCKS-Wall St declines after Fed ends bond-buying program

miércoles 29 de octubre de 2014 14:19 GYT

* Fed ends QE, says U.S. recovery to remain on track

* Facebook shares down as expenses seen rising

* Orbital Sciences slumps after rocket explosion

* Indexes down: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 0.8 pct (Updates with Fed statement)

By Ryan Vlastelica

NEW YORK, Oct 29 (Reuters) - U.S. stocks fell on Wednesday, adding to their earlier declines after the Federal Reserve ended its monthly bond purchase program, as had been expected.

The day's losses were broad, with all 10 primary S&P 500 sectors lower on the day. Material shares led the decline, falling 1.6 percent, while energy stocks reversed an earlier advance to turn down by 0.3 percent.

Losses were outsized in the tech-heavy Nasdaq, pressured by a decline in Facebook.

The U.S. central bank ended its quantitative easing program of bond purchases, which at its peak pumped $85 billion a month into the financial system. It also signaled confidence the U.S. economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.   Continuación...