Bank levy fears, Alcoa batter Wall Street

Posted by 7Star Thursday, January 14, 2010

US stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery. The benchmark S&P 500 broke a six-day streak of gains as banks led the financial sector lower, sending the KBW bank index down almost 2 percent.

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