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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks slide for third straight day

Worries about banks are sending stocks toward their third straight day of losses -- albeit, not as bad of a loss as the previous two days -- about 90 minutes into the trading day.

As of 11 a.m., the Dow is down a little more than one-tenth of 1 percent.

The broader S&P 500 is down by about the same amount and the tech-heavy Nasdaq is down nearly half of 1 percent.

Wall Street hates President Obama's plans to put new limits on banks and his pugnacious attitude, saying he was ready for a "fight" with the Street.

Of course, Wall Street got some good news from the Supreme Court yesterday, which eliminated the limits on corporate spending in political campaigns.

This will be a boon for those of us in the battered media industry, which will see an influx of new advertising for this fall's mid-term elections and the 2012 presidential election.

Follow me on Twitter at @theticker

By Frank Ahrens  |  January 22, 2010; 11:17 AM ET
Categories:  The Ticker  | Tags: Dow Jones, Obama, nasdaq, s&p 500  
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