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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It’s confusing for those that don’t understand Econ 101.... we’ll really like 001. Markets are up, markets down.... simple
Soon, tRump will be able to brag about the Dow crossing the 25,000 threshold, again.
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