Stocks Pull Back From Record Levels

NEW YORK (June 3, 2014) U.S. stocks pulled back from record levels to end slightly lower Tuesday.

The Standard & Poor's 500 index edged down less than a point, or 0.04 percent, to close at 1,924 on Tuesday.

The Dow Jones industrial average lost 21 points, or 0.1 percent, to end at 16,722.

The Nasdaq composite slipped three points, or 0.1 percent, to close at 4,234.

Krispy Kreme Doughnuts slumped 15 percent after the company cut its earnings forecast for the year, citing higher costs and fewer sales than previously estimated.

Hillshire Brands jumped nearly 10 percent as a bidding war for the sausage maker heated up.

Tyson Foods and Pilgrim's Pride are competing to buy the company.

Bond prices fell.

The yield on the 10-year Treasury note rose to 2.60 percent.


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