MARKETS: Stocks are pulling back in early trading, led by declines in banks and technology companies.
Stocks are pulling back in early trading led by declines in banks and technology companies.
Banks were coming under pressure early Wednesday as bond yields fell sharply. Lower yields mean lower interest rates on loans, which makes lending less profitable. Bank of America lost 1.5%Macy's climbed 1.4% after turning in results that beat forecasts.The Dow Jones Industrial Average fell 168 points, or 0.7%, to 25,373. The Nasdaq gave up 33 points, or 0.4%, to 7,700.
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