“Stocks closed down nearly 1 percent in a volatile session after the minutes from the last Fed policy setting meeting suggested the Fed is divided on when it may start to pull back on its monetary stimulus.  The market had moved higher earlier in the session when Fed Chairman Ben Bernanke reiterated that tapering bond purchases will depend on an improvement in the economic data.  But then during the Q & A, Bernanke said that the Fed could decide to scale back the pace of bond purchases at one of the ‘next few meetings’ if the economic recovery looked set to maintain forward momentum.”

http://www.economicpolicyjournal.com/2013/05/the-words-that-sent-stock-market.html

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