Dow Retreats as Bank Stocks Fall

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U.S. stocks fell Friday following lackluster earnings reports from some of the country’s biggest banks and weaker-than-expected economic data, deepening a winter selloff.

All three major indexes opened Friday lower, briefly recovered from their early-session lows, then fell again. The S&P 500 was recently down 0.7%, while the Dow Jones Industrial Average was off 1.1%. The tech-heavy Nasdaq Composite retreated from earlier gains, losing 0.7%.