Banks pull US stocks away from records as seven-day winning streak ends

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>A seven-day winning streak for stocks came to a quiet end on Tuesday as banks&comma; especially smaller ones&comma; dropped along with bond yields and interest rates&period; Investors snapped up government bonds and high-yield stocks including phone companies and utilities&period;<&sol;p>&NewLine;<p>As bond prices rose&comma; yields and interest rates fell&period; That reduced the profits financial institutions can make from mortgages and other types of loans&period;<&sol;p>&NewLine;<p>Energy companies fell to their lowest prices in a year&period; Technology companies continued to soar while airlines slumped as investors worried that the government could expand a ban on laptops in passenger cabins during international flights&comma; which could affect business travel&period;<br &sol;>&NewLine;Still&comma; stocks remain close to their record highs&period;<&sol;p>&NewLine;<p>The Standard &&num;038&semi; Poor&&num;8217&semi;s 500 index lost 2&period;91 points&comma; or 0&period;&percnt;&comma; to 2&comma;412&period;91&period; The Dow Jones industrial average fell 50&period;81 points&comma; or 0&period;2&percnt;&comma; to 21&comma;029&period;47&period; The Nasdaq composite dipped 7 points&comma; or 0&period;1&percnt;&comma; to 6&comma;203&period;19&period; The Russell 2000 index of smaller-company stocks tumbled 11&period;05 points&comma; or 0&period;8&percnt;&comma; to 1&comma;371&period;19&period;<&sol;p>&NewLine;<p>Bond prices rose&period; The yield on the 10-year Treasury note fell to 2&period;21&percnt; from 2&period;25&percnt; late Friday&period;<br &sol;>&NewLine;With interest rates falling&comma; JPMorgan Chase declined 1&period;46 dollars&comma; or 1&period;7&percnt;&comma; to 83&period;90 dollars&period; Smaller banks fell harder&comma; as Hope Bancorp dropped 67 cents&comma; or 3&period;7&percnt;&comma; to 17&period;48 dollars and First Financial Bancorp sank 75 cents&comma; or 2&period;9&percnt; to 25&period;05 dollars&period;<&sol;p>&NewLine;<p>Oil prices recovered from an early stumble and finished only slightly lower&comma; but energy companies continued to fall&period; Hess dropped 1&period;47 dollars&comma; or 3&period;1&percnt;&comma; to 46&period;67 dollars and Schlumberger shed 85 cents&comma; or 1&period;2&percnt;&comma; to 68&period;74 dollars&period; The S&&num;038&semi;P 500 index of energy companies reached its lowest level in a year&period;<&sol;p>&NewLine;<p>The dollar declined to 110&period;78 yen from 111&period;19 yen&period; The euro rose to 1&period;1188 dollars from 1&period;1176 dollars&period;<br &sol;>&NewLine;The FTSE 100 index in Britain fell 0&period;3&percnt; and the French CAC 40 sank 0&period;6&percnt;&period; Germany&&num;8217&semi;s DAX dipped 0&period;2&percnt;&period; In Japan&comma; the Nikkei 225 finished nearly flat and South Korea&&num;8217&semi;s Kospi dropped 0&period;4&percnt;&period; Markets in Hong Kong were closed for a holiday&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e3995d957c4">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; 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