Bank stocks were mostly lower as turmoil resumed in the bond market. Bond prices were sharply lower, and the yield on the 30-year Treasury bond rose to 7.61%.

Shares of Chemical Banking Corp. dropped 75 cents, to $34.375; Bankers Trust New York Corp., 87.5 cents, to $66.375; and Wachovia Corp., 50 cents, to $31.875.

The Dow Jones industrial average fell 27.37 points, to 3,629.04.

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