Overnight, US stocks pulled back, catching their breath after the Dow industrials scored another record close on Monday. The market was feeling some pressure from Fed officials warning about a potential stimulus reduction, as well as from a worse-than-expected reading on small-business sentiment. Treasury prices slipped after an auction of 3yr notes, pushing yields to 2mnth highs in a continuation of last week's climb. Gold futures declined as the latest comments from Fed officials imply that the central bank may decide to taper its monetary-stimulus program as early as next month. Oil futures retreated as forecasts for increases in US supplies and production helped prices fall back below $95 a barrel. European stock markets closed mostly lower, spurred by weakness in the banking and commodity sectors. London BHP down 0.79%. Rio down 0.21%. New York BHP down 1.59%. Rio down 1.30%. LME Base metals pushed lower across the complex.