U.S. stocks end down, Fed fears outweigh earnings

Newswire

(Updates to 4 p.m.) NEW YORK, April 29 (Reuters) - U.S. stocks dropped for a second-straight day on Thursday, after a surprising jump in a key inflation gauge sparked fears the Federal Reserve would begin raising interest rates sooner than expected. Concerns over higher interest rates, which are at historical lows, overshadowed several strong earnings reports. The Dow Jones industrial average fell 70.68 points, or 0.68 percent, to 10,271.84. The Standard & Poor's 500 Index gave up ...

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