Wall St. slips from highs after Fed officials' rate comments

The S&P telecommunications index and utilities, among sectors most sensitive to changes in interest rates, led the day's declines. New York Federal Reserve Bank President William Dudley said a rate hike in September was possible, while Atlanta Fed President Dennis Lockhart said the U.S. economy is likely strong enough for at least one rate increase before the end of 2016, with two a possibility. "I don't think most people are expecting the Fed to actually hike in September ... (but) we've ha