U.S. stocks headed lower in late-afternoon trading Tuesday, weighed down largely by a slide in phone, technology and utilities companies. Banks led the gainers. Energy stocks also rose as crude oil prices closed higher. Bond yields rose as investors speculated that the European Central Bank could be ready to let interest rates rise.
U.K. stocks pull lower Tuesday, with a warning from British department store Debenhams PLC dragging down shares of blue-chip retailers.
European stocks dropped Tuesday, feeling the weight of a rising euro, as profit warnings and merger concerns also hit the region’s equities.