The Dow Jones dropped 33.33 points, or 0.4 per cent, to 9,366.34, battling back from a 166-point slump. Intel and Dell Computer led decliners on concern that revenue growth will stagnate this year as companies slash prices to win sales.
US STOCKS fell for a second day on concern that bond yields at six-month highs are making stocks less attractive. Shares partially rebounded after reaching levels some investors found cheap. "Bonds become more competitive with stocks as yields rise," said one analyst.