wall street

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    0742 [Dow Jones] WALL STREET: Stocks fell as market paused again, financials gave back some recent gains, under pressure ahead of Fed's policy announcement. Bank of America fell 5% while JPMorgan Chase shed 3.4%. Stephen Lieber, chief investment officer for the Alpine Dynamic Balance Fund, said decline for banks was "reasonable," considering vast gains of past month, lack of earnings news to drive follow-through move this week. American International Group slid 13% after being boosted in recent days by unwinding of bearish bets. Yum Brands fell 3.8% after UBS cut rating to neutral from buy, saying restaurant company will be restrained by slowing U.S. sales, timing of China's turnaround. Sprint Nextel fell 4.3% as Piper Jaffray cut communications company to underweight from neutral. Dow ended down 1.0%, Nasdaq fell 1.1%, Philly semicons fell 1.4%. (SHN)


 
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