Wall Street's main indexes fell to session lows on Thursday on fears of a faster tapering of the U.S. Federal Reserve's bond purchase program, with traders also pointing to a blast in Kabul for a spike in volatility.
A suspected suicide bomb exploded outside Kabul airport, killing at least 13 people including children."Geopolitics don't usually impact the market too much but when a news report like that comes out, it tends to have a little bit of a move," said Randy Frederick, managing director of trading and derivatives at Schwab Center for Financial Research.
Meanwhile, St. Louis Federal Reserve President James Bullard told CNBC that the Fed is "coalescing" around a plan to begin reducing its $120 billion in monthly bond purchases and sounded skeptical about inflation moderating in 2022.
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