Wall Street's two major indexes drop; oil falls

Major U.S. stock indexes lost ground on lacklustre earnings reports on Tuesday, while oil fell on concerns about U.S. crude stockpiles and Saudi Arabia's announcement that it ended its military campaign in Yemen. The Nasdaq composite index (.IXIC) was the brightest spot in U.S. stock markets. Teva Pharmaceutical Industries Ltd. (TEVA.N) made an unsolicited bid to buy smaller rival Mylan NV (MYL.O), sending the Nasdaq Biotechnology (.NBI) index up 1.8 percent.

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