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Markets Open Down on Big Banks News

Wall Street opened the unofficial second week of summer with downward pressure on the markets, as they await more White House word on the health of U.S. banks.

In the first 15 minutes of trading, the Dow was down nearly 100 points, or just more than 1 percent.

The broader S&P 500 was down about the same and the tech-heavy Nasdaq was down about 1.25 percent.

The Post's Binyamin Appelbaum and David Cho report this morning that the government could announce as early as today that some banks -- such as Goldman Sachs and J.P. Morgan Chase -- will be allowed to repay federal bailout money.

-- Frank Ahrens
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By Frank Ahrens  |  June 8, 2009; 9:51 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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