Stocks end mostly lower, 10-year yield tops 2.4%
Stocks ended mostly lower Tuesday as the yield on the 10-year Treasury inched above 2.4% again.
It's the fourth straight loss for the Dow. That hasn't happened since late March.
How major indexes fared:
■ Dow: Down fractionally and (a little) further in the red for 2015
■ S&P 500: Up fractionally
■ Nasdaq composite: Down 0.2%
The number of job openings in the U.S. surged to a 14-year high in April in a sign that job growth could strengthen further in coming months, the Labor Department said Tuesday.
Employers posted 5.4 million openings in April, up from 5.1 million in March and the most since labor began tracking the figure in 2000, according to the Job Openings and Labor Turnover Survey.(JOLTS).
Procter & Gamble enjoyed the biggest boost among Dow stocks after a Reuters report, based on unnamed sources, that it received bids totaling $12 billion for its beauty products. PG climbed 1.5%.
GE rose 0.3% after it announced a selloff of its private equity financing unit. Canada's largest pension fund will acquire the business in a deal valued at $12 billion.
Deutsche Bank shares lost much of the mojo they picked up after the weekend news its co-CEOs were leaving. On Tuesday, DB.fell 2.9% after a morning raid of its Frankfurt headquarters by police.
The bank says in a news release that it's all part of an "investigation into securities transactions by clients" and that, "Employees of the Bank are not accused of wrongdoing."
Markets in Asia and Europe were down as weak Chinese economic data added to the gloom over a recent Wall Street slump and difficult Greek bailout negotiations.
Japan's Nikkei 225 index fell 1.8% to close at 20,096.30 and Hong Kong's Hang Seng index dropped 1.2%. The Shanghai Composite was down 0.4%.
European shares ended lower, with Germany's DAX falling 0.6% and France's CAC 40 losing 0.2%. Britain's FTSE 100 dropping 0.5%.
The Dow slid back into the red Monday, falling 83 points, or 0.5%, to 17,766.55, to leave it more than 50 points below where it started the year.
Contributing: Adam Shell, Jane Onyanga-Omara.