Italy’s main stock index dropped 4.9 percent Tuesday. The yield on Italy’s benchmark government bond rose sharply, to 4.83 percent from 4.43 percent the day before, as investors sold them. That’s still far below the 7 percent the yield traded at in January 2012, when confidence in Italy’s finances was far lower. The euro was little changed against the dollar.
Other European indexes also fell, but not as much. Stocks fell 2.3 percent in Germany, 2.7 percent in France and 1.3 percent in Britain.
In U.S. government bond trading, the yield on the 10-year Treasury note, which moves inversely to prices, rose two basis points to 1.88 percent.
Among other companies making big moves Tuesday:
• Tyson Foods fell 96 cents to $22.30 after it said that its fiscal second quarter has been tougher than expected because of lower margins in its beef and pork divisions. The nation’s biggest meat company said it’s still optimistic about its full-year results.
• Oneok fell $1.47 to $44.75 Tuesday after the natural-gas company cut its distribution growth forecast for the next three years, citing expectations of lower sales volumes and prices of natural-gas liquids.