MARKET PULSE-Smithfield Foods, Trina Solar, Stewart Enterprises

Wed May 29, 2013 12:12pm EDT
 
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May 29 (Reuters) - Some U.S. stocks on the move on Wednesday:

WALL ST DROPS MORE THAN 1 PERCENT ON FED STIMULUS WORRIES

U.S. stocks fell more than 1 percent, retreating sharply from record levels scaled recently, on concerns the U.S. Federal Reserve may start to ease up on its economy-boosting stimulus program.

The Dow Jones industrial average was down 174.79 points, The Standard & Poor's 500 Index was down 19.49 points and The Nasdaq Composite Index was down 36.40 points.

** SMITHFIELD FOODS INC, $32.48, up 25 pct (1116 ET)

China's Shuanghui International said it would buy the largest U.S. hog producer for $4.7 billion in cash to help satisfy growing demand for U.S.-made pork in its home market, but the deal may raise concerns in the United States.   Continued...