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Best and worst stocks on the ASX today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has plummeted, losing 1.4% to close at 5,319.2, after the US Federal Reserve signalled it may soon taper back quantitative easing. Market is acting like a drug addict, and the drug of choice is being taken away. Looks like investors will have to get used to relying on companies growing earnings – much as we always have.

Here are the top five best performing stocks in the index today.

These stocks were the losers on the day.

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Motley Fool writer/analyst Mike King doesn’t own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

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