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Wall Street drops on trade truce doubts, bond market jitters


By Shreyashi Sanyal(Reuters) - Banks led Wall Street lower on Tuesday, as a decline in U.S. bond yields set off warning lights about slowing growth, while industrial and technology stocks fell on skepticism over the chances of a breakthrough in the U.S.-China trade talks.Following a rally on Monday after Washington and Beijing agreed to a three-month truce to iron out their trade differences, the three major indexes pulled back about 0.8 percent as some U.S. Treasury yields inverted.The curve between three-year and five-year Treasury notes and between two-year and five-year notes inverted ...

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First Published: Tue, December 04 2018. 22:38 IST