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US: Wall St slips with bank shares in focus


[NEW YORK] US stocks opened lower on Wednesday, with financials in focus after global regulators fined five major banks for failing to stop their traders from trying to manipulate the foreign exchange market.

The Dow Jones industrial average fell 71.8 points, or 0.41 per cent, to 17,543.1, the S&P 500 lost 6.08 points, or 0.3 per cent, to 2,033.6 and the Nasdaq Composite dropped 9.03 points, or 0.19 per cent, to 4,651.52.

Utilities were the worst performers on the S&P 500.