NEW YORK | Markets Right Now: Stocks turn jittery again, Dow sinks 500

NEW YORK | Markets Right Now: Stocks turn jittery again, Dow sinks 500

NEW YORK— The latest on developments in financial markets (all times local):

1:08 p.m.

Stocks are turning sharply lower on Wall Street as trading turns jittery again, erasing 500 points from the Dow Jones Industrial Average.

Banks led the market lower as bond yields fell sharply Tuesday, which makes it harder for banks to make money from lending.

Bank of America fell 5.7 percent.

Small-company stocks fell more than the rest of the market.

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