Financial Times FT.com

Wall St held back by flagging banks

By Kiran Stacey in New York

Published: March 20 2009 12:57 | Last updated: March 20 2009 21:03

US stocks fell on Friday as the financial sector was weighed down by bad news for financial stocks and falling commodity prices.

Banking stocks had soared on Wednesday on the back of plans from the Federal Reserve to double its balance sheet to stimulate the economy.

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