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Tuesday was a particularly gloomy day for financial stocks as the sector got pelted from all sides by downgrades and credit-market fears.
One of the biggest losers was Fremont General (FMT Quote), which surrendered 12% to $4.06 after Moody's cut the subprime-mortgage lender's senior-debt rating to Caa2 from B3.
Also sliding on negative analyst research were brokers Lehman Brothers (LEH Quote), down 5.8%, and Bear Stearns (BSC Quote), down 2.5%, along with banking behemoth Citigroup (C Quote), down 2.5%. ...
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