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Stock market news today: Dow drops as Moody's downgrades 10 banks

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US stocks drop as bank shares slide after Moody's downgrades 10 firms

US stocks opened lower on Tuesday, with the Dow shedding almost 300 points as investors assess Moody's downgrade of 10 small and mid-sized US banks.

The rating agency also published negative outlooks for 11 banks, including Citizens Financial and Capital One.

 

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