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Cultura

Wall Street cut gains as insider trading probe heats up


    NEW YORK (Reuters) - Stocks sharply pared gains late Tuesday afternoon, with indexes pulling back after news that federal authorities have ramped up an investigation into insider trading on Wall Street.

    Earlier the S&P 500 hit two-year highs, while 10- and 30-year bond yields rose sharply.

    Investors cited rising bond yields as a factor in the pullback.

    The Dow Jones industrial average gained 17.90 points, or 0.16 percent, to 11,380.09. The Standard & Poor's 500 Index gained 2.90 points, or 0.24 percent, to 1,226.02. The Nasdaq Composite Index gained 8.06 points, or 0.31 percent, to 2,602.98.

    (Reporting by Caroline Valetkevitch; Editing by James Dalgleish)