Dow falls nearly 100 points from a record high, S&P 500 breaks a 3-day winning streak; European markets close higher on recovery hopes; Credit Suisse cuts dividend 
U.S. stocks fell from record levels on Tuesday as the recent rally driven by signs of strong economic rebound took a pause. 
The Dow Jones Industrial Average dipped 96.95 points, or 0.3%, to 33,430.24. The S&P 500 fell 0.1% to 4,073.94, pressured by tech and health care. The broad equity benchmark fell for the first time in four days. The tech-heavy Nasdaq Composite inched 0.1% lower to 13,698.38. The blue-chip Dow and the S&P 500 both closed at record highs in the prior session. 
Big banks including JPMorgan and Goldman Sachs kick off the new earnings season next week. First-quarter earnings are expected to be up 24.2% year over year, compared to 3.8% growth in the fourth quarter, according to Refinitiv. 
Bond yields continued to fall from recent highs, easing fears of rising inflation. The 10-year Treasury yield dropped 7 basis points to 1.65% on Tuesday. 

European markets closed higher on Tuesday as trading resumes after the Easter holiday, with global sentiment boosted by positive economic data in the U.S. and China. The pan-European Stoxx 600 provisionally ended the session up 0.7%, with basic resources adding 1.8% to lead gains as most sectors entered positive territory. 
The big corporate news out of Europe Tuesday was the announcement by Credit Suisse of several high-level staff departures and cuts to its dividends and bonuses. The Swiss bank announced it was taking a $4.7 billion hit as a result of the Archegos Capital Management saga. 
The Swiss lender now expects a first-quarter pre-tax loss of around 900 million Swiss francs ($960.4 million). Credit Suisse shares were down 0.4% by the market close. 
Shares of several European food delivery services fell Tuesday as investors questioned whether their pandemic-fueled growth could last as economies begin to reopen. In Britain, Just Eat Takeaway and Ocado fell 1.3% and 0.7% respectively, while in Germany Delivery Hero sank 1.2% and HelloFresh dipped 1.6%. 
Source: CNBC