Wall Street slips from highs after Fed officials' rate comments

U.S. stocks eased from record highs on Tuesday after comments from Federal Reserve officials fuelled speculation of an interest rate hike this year. 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 incr