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

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

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Mario Tama/Getty Images US stocks dropped Tuesday, and the Dow lost more than 260 points at the open. Moody's downgraded 10 US banks and also put other firms on downgrade watch. Investors will watch for Thursday's release of July inflation data. US stocks opened lower on Tuesday, with the Dow…

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