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Updated from 4:14 p.m. EST
Wall Street faltered Monday as investors prepared to take in the first key report of the fourth-quarter earnings season.
Led by declines in Citigroup (C Quote) and Bank of America (BAC Quote), the Dow Jones Industrial Average lost 125.45 points, or 1.5%, to 8473.73, and the S&P 500 gave up 20.09 points, or 2.3%, at 870.26. The Nasdaq shed 32.80 points, or 2.1%, to 1538.79.
President-elect Obama called Monday for lawmakers to release the second half of the Troubled Asset Relief Fund (TARP), hoping to change the practices of the program which has funneled bailout money into ailing banks. ...
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