U.S. stocks ended slightly lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run.
"The prospect of stricter regulations for banks with deposits above $100 billion is raising the anxiety level for those that are perceived currently to be struggling," James said.
Treasury yields edged higher, also weighing on tech-focused shares. Yields have climbed from six-months lows hit Friday.in March, but also that Americans are becoming a bit anxious about the labor market., investors are looking forward to upcoming bank results, which may give them more details about the health of the sector following the collapse of Silicon Valley and Signature Bank.into six main units covering e-commerce, media and the cloud.
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