Wall St. slips from highs after NY Fed chief's rate comments

"I think there's a chance they will, and Dudley saying there's a chance they will is significant," said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut, noting that the stock market has been strong, as well as the jobs numbers. Continued expectations of low interest rates have helped stocks rise to record highs, with the S&P 500 index notching 10 all-time closing highs so far this year.