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Stocks sluggish as 10-year yield tops 2.4% again

Stocks are struggling to hold gains Tuesday as the yield on the 10-year Treasury has inched above 2.4% again and a barrel of U.S. oil went back above $60. Meanwhile, markets in Asia and Europe were down as weak Chinese economic data added to the gloom over a recent Wall Street slump and difficult Greek bailout negotiations. Major indexes as of 3 p.m. ET- Dow: Up 0.1%, but still red for 2015, S&P 500: Up 0.2%. Nasdaq composite: Down fractionally.2013-11-04T131020Z_8_CBRE99U0VX000_RTROPTP_3_MARKETS-STOCKS_original

Deutsche Bank shares lost much of the mojo they picked up after the weekend news its co-CEOs were leaving. DB’s 2.5% fall Tuesday came after a Tuesday morning raid of its the Frankfurt headquarters by police. The bank says in a news release that it’s all part of an “investigation into securities transactions by clients” and that, “Employees of the Bank are not accused of wrongdoing.”

Japan’s Nikkei 225 index fell 1.8% to close at 20,096.30 and Hong Kong’s Hang Seng index dropped 1.2%. The Shanghai Composite was down 0.4%. Weak economic data from China affected the outlook — the inflation benchmark slipped from 1.5% in April to 1.2% in May, and a report on Monday said that both imports and exports contracted again last month.

European shares ended lower, with Germany’s DAX falling 0.6% and France’s CAC 40 losing 0.2%. Britain’s FTSE 100 dropping 0.5%. The Dow slid back into the red Monday, falling 83 points, or 0.5%, to 17,766.55, to leave it more than 50 points below where it started the year.