Banks fell hard as executives from JPMorgan Chase and Bank of America said their trading businesses are having a rough second quarter. Energy companies fell with oil prices. Banks skidded a day earlier as bond yields dropped, which hurts banks by forcing interest rates on loans lower. Yields were little changed Wednesday, but financial firms fell again as investors worried that banks' revenue from trading stocks, bonds and currencies is going to weaken in the second quarter. The DAX in Germany remained up 0.1 percent, but France's CAC 40 lost 0.4 percent and the British FTSE 100 fell 0.1 percent.
Source: ABC News May 31, 2017 14:19 UTC