US stocks pulled back from record levels amid a fluctuation in yields – Newsquawk Daily Asia-Pac Market Open

US stocks finished lower following relatively broad-based weakness amid fluctuations in yields, with the Russell 2000 and equal-weight S&P 500 underperforming the major indices. The DJI also lagged, while the SPX and NDX saw more modest losses. Sectors were predominantly lower, with Industrials, Materials and Real Estate leading the declines, while Health Care outperformed. Treasuries saw two-way trade and recovered from earlier weakness to finish mixed-to-firmer, with the curve bull steepening as the front end led the rally while the long end was little changed on the day. T-notes initially tracked weakness in European government bonds amid renewed French fiscal…