Banks Lead Stocks Lower, Erasing Some of Prior Day’s Gains
KEEPING SCORE: The S&P 500 index fell 17 points, or 0.6 percent, to 2,772 as of . The Dow Jones Industrial Average dropped 206 points, or 0.8 percent, to 25,619. The Nasdaq composite lost 48 points, or 0.7 percent, to 7,392. The Russell 2000 index of smaller-company stocks gave up 9 points, or 0.6 percent, to 1,539.
HOUSING HICCUP: Homebuilders traded lower after luxury homebuilder
TAKING A BITE: Apple
DISAPPOINTING DOLLAR: Discount retail chain
REVVED UP: AutoZone AZO climbed 4.2 percent to $859.11 after the auto parts retailer delivered third-quarter earnings that exceeded analysts’ forecasts.
ENERGY: Oil prices headed higher ahead of an OPEC meeting on Thursday, where members are expected to agree to cut output in 2019. Benchmark
BOND YIELDS: Bond prices rose. The yield on the 10-year Treasury note fell to 2.95 percent from 2.99 percent late Monday. The slide in bond yields weighed on bank stocks. Citigroup fell 2.8 percent to $63.36.
CURRENCIES: The dollar weakened to 112.91 yen from 113.69 yen late Monday. The euro strengthened to $1.1393 from $1.1342. The British pound gained to $1.2746 from $1.2728 after a top official at the European Union’s highest court advised that
MARKETS OVERSEAS: In Europe,