Dow Jones waivers after early rally

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02-09-2011 | 01:54
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Dow Jones waivers after early rally
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Dow Jones waivers after early rally
In New York on Thursday, the Dow Jones industrial average fell 1 percent to 11,493.57, giving up early gains of as much as 103 points and snapping a four day winning streak.     

Bank stocks led the market lower after regulators announced enforcement measures against a former subsidiary of Goldman Sachs over mortgage and foreclosure practices. Jitters ahead of the release of the government's monthly jobs report also hurt sentiment.       

Broader stock indices also fell. The Standard & Poor's 500 index declined 1.2 percent to 1,204.42. The technology-focused Nasdaq composite index lost 1.3 percent to 2,546.04. -AP
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