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Markets Right Now: Banks, energy companies pull stocks lower

The latest on developments in financial markets (All times local):

4:05 p.m.

Major U.S. stock indexes closed lower as a dip in bond yields hurt banks and energy companies fell with the price of oil.

U.S. crude futures fell 0.3 percent to $49.66 a barrel in New York Tuesday. Devon Energy lost 3.7 percent and Kinder Morgan fell 4.3 percent.

Technology companies rose as traders returned following the Memorial Day holiday.

Payment processor CardConnect jumped 10.6 percent after it agreed to be bought by First Data for about $468 million.

The Dow Jones industrial average of 30 major stocks slipped 51 points, or 0.2 percent, to 21,030.

The S&P 500 inched 3 points lower, or 0.1 percent, to 2,413.

The Nasdaq composite fell 7 points, or 0.1 percent, to 6,203.

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9:40 a.m.

Stocks are opening lower as energy companies fall with the price of oil and a dip in bond yields hurts banks.

U.S. crude futures fell 1.4 percent to $49.14 a barrel in New York Tuesday. Devon Energy lost 2.4 percent and Kinder Morgan fell 1.7 percent.

Technology companies are higher as traders return following the Memorial Day holiday.

Payment processor CardConnect jumped 10 percent after it agreed to be bought by First Data for about $468 million.

The Dow Jones industrial average of 30 major stocks slipped 25 points, or 0.1 percent, to 21,052.

The S&P 500 inched 3 points lower, or 0.1 percent, to 2,412.

The Nasdaq composite inched 3 points higher, or 0.04 percent, to 6,213.

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