Banks lead stocks lower, erasing some of prior day’s gains
U.S. stocks declined in early trading Tuesday, giving up many of the market’s gains from a day earlier. Losses in banks, technology stocks and industrial companies outweighed gains elsewhere in the market.
Homebuilders slumped on renewed concerns that the outlook for home sales is dimming. Bond prices rose, sending yields sharply lower.
KEEPING SCORE: The S&P 500 index fell 17 points, or 0.6 percent, to 2,772 as of 10:06 a.m. Eastern Time.